Bitcoin ETFs post $470M outflows as Fed cuts rates, Trump talks trade
US spot Bitcoin ETFs experienced $470 million in net outflows on Wednesday despite a Federal Reserve rate cut.Summary
US-listed spot Bitcoin ETFs recorded $470 million in outflows on Wednesday, led by Fidelity's FBTC ($164M) and ARK Invest's ARKB ($143M), bringing cumulative net inflows down to $61 billion. Bitcoin's price briefly dipped to $108,000 despite the US Federal Reserve cutting interest rates by 25 basis points, but it showed signs of recovery following discussions between US President Donald Trump and Chinese President Xi Jinping regarding trade tensions. Despite the significant outflows, ETFs collectively hold over 1.5 million Bitcoin, valued at $169 billion, with BlackRock's IBIT holding the largest share. Analysts maintain that ETF flows influence price, and MicroStrategy's co-founder Michael Saylor remains bullish, forecasting Bitcoin will reach $150,000 by the end of 2025.
(Source：Cointelegraph)