US-listed spot Bitcoin exchange-traded funds (ETFs) experienced significant outflows totaling $470 million on Wednesday, coinciding with a brief dip in Bitcoin’s price to $108,000 before a recovery. Data from Farside Investors revealed that Fidelity’s FBTC led the withdrawals with $164 million, followed closely by ARK Invest’s ARKB with $143 million, and BlackRock’s IBIT with $88 million in outflows. Grayscale’s GBTC recorded $65 million in outflows, while Bitwise’s BITB faced a smaller pullback of $6 million.
These outflows follow a couple of days marked by steady gains, with $149 million flowing in on Monday and over $202 million on Tuesday. Cumulatively, Bitcoin ETFs’ net inflows have now decreased to $61 billion, and total assets under management fell to $149 billion, representing approximately 6.75% of Bitcoin’s market capitalization, according to crypto research platform SoSoValue.
Bitcoin’s price volatility comes amid market uncertainty following the US Federal Reserve’s decision to cut interest rates by 25 basis points. Over the past 24 hours, Bitcoin’s price fluctuated between $108,201 and $113,567, initially dipping despite the rate cut but gaining momentum after a high-profile meeting between US President Donald Trump and Chinese President Xi Jinping that addressed ongoing trade tensions.
Despite the recent outflows, Bitcoin ETFs continue to hold a substantial portion of the market, managing more than 1.5 million Bitcoins valued at roughly $169 billion—about 7.3% of the total Bitcoin supply, according to Bitbo. BlackRock’s IBIT leads with 805,239 Bitcoins, followed by Fidelity’s ETF at 206,258, and Grayscale’s GBTC holding 172,122.
Industry figures remain optimistic amid the price fluctuations. Michael Saylor, chairman of MicroStrategy, expressed confidence that Bitcoin will reach $150,000 by the end of 2025, citing ongoing positive developments in the cryptocurrency space.
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