Bitcoin (BTC-USD) has dipped below $58,000 (£46,339) after Wednesday saw a record $563m spot bitcoin ETF sell-off. This followed on from a trend developing throughout April, which marked the first month of net outflows from spot Bitcoin ETFs since their launch on 11 January. Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with outflows of over $191m, according to data sourced from Farside Investors. This was followed by Grayscale's Bitcoin Trust ETF (GBTC), with more than $167m; ARK 21Shares Bitcoin ETF (ARKB) with more than $98m; and BlackRock's iShares Bitcoin Trust (IBIT) nearly $40m. Other spot bitcoin ETF funds also bled money even though US Federal Reserve chair Jerome Powell ruled out further rate hikes in Federal Open Market Committee (FOMC) meeting on Wednesday. Read more: Crypto live prices The FOMC did what the majority of analysts predicted and held the benchmark federal funds rate in the current range of between 5.25% and 5.50%. "In support of its goals, the committee decided to maintain the target range for the federal funds rate at 5.25% to 5.50%," the central bank said in a statement. Read more: What is a spot bitcoin ETF and why it has sparked a crypto rally?...