Bitcoin ETFs See $470M Outflows as BTC Swings on Fed Cut and Trump–Xi Talks
Spot Bitcoin ETFs posted $470 million of net outflows on Wednesday as BTC briefly slipped below $108,000 before rebounding toward $113,000, reflecting a volatile 24 hours shaped by the Fed’s rate cut and U.S.–China trade headlines.
Flows flip negative after policy and geopolitics collide
The outflow burst followed a string of modest inflow days and coincided with the Federal Reserve’s 25 bps rate cut and cautious guidance, as well as tariff de-escalation signals from talks between President Trump and President Xi. The cross-currents left risk assets choppy, with BTC first under pressure and then recovering as traders reassessed liquidity and macro risk.
Who led the outflows
Among U.S. spot products, Fidelity’s FBTC recorded the largest daily redemptions, followed by ARK’s ARKB and BlackRock’s IBIT. Grayscale’s GBTC also saw meaningful outflows, while several smaller funds posted minor moves. The day’s totals marked the heaviest drain in roughly two weeks.
Holdings remain substantial
Despite the setback, spot ETFs still hold more than 1.5 million BTC (~$169B), representing roughly 7.3% of supply. IBIT leads with ~805,239 BTC, Fidelity ranks second with ~206,258 BTC, and GBTC sits third with ~172,122 BTC. The concentration underscores how ETF flows continue to shape market microstructure, especially around macro events.
Price context and what to watch next
BTC’s range between $108,000 and $113,000 over the last day mirrors shifting expectations for real yields, dollar direction, and trade uncertainty. Into week-end risk, watch:
- Front-end options skew and term structure as hedging demand resets.
- Net ETF creations/redemptions for confirmation of sustained pressure or quick mean reversion.
- Follow-through from the Trump–Xi tariff pause and any guidance on December Fed decisions.
Bottom line
ETF outflows show how quickly flows can swing around macro catalysts. The structural bid from large holders remains intact, but in a headline-driven tape, liquidity can tighten on short notice—keeping BTC’s path dependent on policy signals and risk appetite.
Editorial Team — CoinBotLab