US-listed spot Bitcoin Exchange-Traded Funds (ETFs) experienced a significant “red day,” shedding a total of $470 million in outflows on Wednesday. This large exodus coincided with the price of Bitcoin (BTC) briefly dipping to $108,000 before recovering.
ETF Outflow Breakdown:
The majority of the outflow came from the largest funds, reversing several days of positive inflows (which had seen $149 million on Monday and over $202 million on Tuesday).
Market Impact and Price Action:
- Cumulative Impact: The outflows reduced the total cumulative net inflows for all US spot Bitcoin ETFs to $61 billion. Total Assets Under Management (AUM) also declined to $149 billion, representing about 6.75% of Bitcoin’s market capitalization.
- BTC Volatility: The price of Bitcoin traded between $108,201 and $113,567in the 24 hours surrounding the outflows.
- BTC initially fell despite the US Federal Reserve’s decision to cut interest rates by 25 basis points.
- The price later gained following a meeting between US President Donald Trump and Chinese President Xi Jinping, where they reportedly discussed trade tensions.
- Long-Term Holdings: Despite the volatility and outflows, analysts note that ETF flows and the token’s price remain linked. ETFs still collectively hold over 1.5 million Bitcoin (worth $169 billion), accounting for 7.3% of the total supply. BlackRock’s IBIT remains the largest holder with over 805,000 BTC.
In a separate bullish forecast, MicroStrategy Chairman Michael Saylor recently stated that he is unconcerned about the short-term volatility and projects Bitcoin will still reach $150,000 by the end of 2025.
October 2025, Cryptoniteuae
📧 The Gulf reads Cryptonite first
Get MENA regulation moves, RWA deals and AI-money trends in one weekly brief — plus instant alerts when the MENA Regulation Tracker changes. Free, no spam.
Was this briefing useful?Thanks for the feedback!
