2025-10-30 11:20 |
US-listed spot Bitcoin exchange-traded funds (ETFs) saw net outflows of $470 million on Wednesday as Bitcoin briefly dropped to $108,000 before recovering, according to data from Farside Investors.
The withdrawals marked a reversal after two consecutive days of inflows earlier in the week.
DateIBITFBTCBITBARKBBTCOEZBCBRRRHODLBTCWGBTCBTCTotal29 Oct 2025(88.1)(164.4)(6.0)(143.8)0.00.00.00.00.0(65.0)(3.4)(470.7)28 Oct 202559.667.00.075.80.00.00.00.00.00.00.0202.427 Oct 202565.30.00.076.40.00.00.00.00.00.07.6149.324 Oct 202532.757.90.00.00.00.00.00.00.00.00.090.623 Oct 2025107.87.217.4(55.0)0.00.00.00.00.0(60.5)3.420.3Data from Farside Investors.
Fidelity’s FBTC led the redemptions with $164 million in outflows, followed by ARK Invest’s ARKB, which saw withdrawals totalling $143 million. B
lackRock’s IBIT recorded $88 million in redemptions, while Grayscale’s GBTC saw $65 million flow out.
Bitwise’s BITB posted comparatively minor outflows of $6 million.
The pullback came after investors added $149 million to the funds on Monday and more than $202 million on Tuesday.
The outflows have reduced cumulative net inflows across all US-listed Bitcoin ETFs to about $61 billion, while total assets under management fell to $149 billion.
That figure represents roughly 6.75% of Bitcoin’s market capitalisation, according to crypto research firm SoSoValue.
Crypto market struggles despite US–China trade optimismThe broader cryptocurrency market failed to sustain momentum despite a positive tone emerging from discussions between US President Donald Trump and Chinese President Xi Jinping in South Korea on Thursday.
The two leaders met to address trade barriers between the world’s largest economies, and while the outcome appeared constructive, the digital asset market continued to weaken.
The meeting concluded with China agreeing to resume rare-earth exports under a one-year contract, purchase US soybeans, and engage in further discussions with NVIDIA on semiconductor cooperation.
In return, the US reduced tariffs to 47% from 57% and introduced fentanyl-related trade measures.
Market analysts noted that while the talks could help stabilise global trade and improve financial sentiment, cryptocurrency prices extended their slide following comments from Federal Reserve Chair Jerome Powell.
Powell’s caution adds pressurePowell said, “A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” after announcing a 25-basis-point rate cut.
He added that uncertainty in financial data—compounded by the US government shutdown entering its fourth week—could discourage further monetary easing.
The hawkish tone dampened investor appetite for risk assets, contributing to a wave of liquidations across crypto markets.
Data from CoinGlass showed that a total of $812.03 million in positions were liquidated in the past 24 hours, including $611.48 million in long positions and $200.55 million in shorts.
As of Thursday, the total cryptocurrency market capitalisation stood at $3.75 trillion, down nearly 3% over the previous 24 hours.
Bitcoin, Ethereum, and Ripple each declined more than 2% during the same period, with Bitcoin trading below $112,000, Ethereum below $3,900, and XRP around $2.55.
The combination of ETF outflows, rate policy uncertainty, and persistent macroeconomic caution has left the crypto market under renewed pressure, erasing some of the gains recorded earlier in the week.
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