Bitcoin ETFs Lost $470 Million Amid Fed Rate Cut and Trump Trade Talks

U.S. spot Bitcoin (BTC) ETFs recorded an outflow of $470 million on October 29, as the asset’s price briefly dropped to $108,000 before recovering part of the decline.

According to Farside Investors, Fidelity led the outflows, with investors pulling $164 million.
ARK Invest ranked second with $143 million, while BlackRock came in third with $88 million in outflows.

Grayscale also saw $65 million withdrawn, and Bitwise ETF lost around $6 million.

Over the week, the trend had remained positive — on October 27, ETFs received $149 million, and the following day — over $202 million.

The recent outflows reduced the total net inflow to $61 billion, while assets under management dropped to $149 billion.
According to SoSoValue, this accounts for 6.75% of Bitcoin’s total market capitalization.

Price Pressure Following Fed Rate Cut

Data from CoinGecko shows that over the past 24 hours, digital gold traded between $108,201 and $113,567.

Despite the Federal Reserve’s 25-basis-point rate cut, Bitcoin’s price declined.
It later partially recovered after a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, during which the two discussed trade relations.

ETFs Continue to Hold a Significant Share of the Market

Analysts emphasize that ETF inflows and outflows directly affect Bitcoin’s price.
The rally at the start of October coincided with a sharp rise in investments into these funds.

Even after the recent decline, spot ETFs still hold over 1.5 million BTC worth around $169 billion — representing 7.3% of total supply, according to Bitbo.

BlackRock holds the largest reserves — 805,239 BTC.
It is followed by Fidelity with 206,258 BTC, and Grayscale GBTC with 172,122 BTC.

See also: "Bitcoin Price Today: Drop to $110K After Trump–Xi Meeting"

#Bitcoin (BTC) #ETF #Price drop

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