So, apparently, people are pulling money out of Bitcoin ETFs. $470 million worth, to be exact. Which, in the grand scheme of things, is… a lot? I’m not a financial advisor (shocking, I know), but it feels a bit like all those people who bought Beanie Babies in the 90s suddenly realizing their retirement plan hinged on a plush penguin. Bitcoin briefly dipped to $108,000 before remembering it’s supposed to be fancy and rebounding. Honestly, the drama. 🙄
Fidelity’s FBTC was the biggest offender, dumping $164 million. Followed closely by ARK Invest’s ARKB, because apparently, even disruptive innovation gets cold feet. BlackRock’s IBIT tossed another $88 million into the void. It’s like a garage sale for crypto billionaires. “Slightly used Bitcoin, gently held.”
Grayscale’s GBTC managed $65 million in outflows, and Bitwise’s BITB contributed a meek $6 million. Bless their hearts. Trying to move product when everyone else is heading for the exits. It’s a bit sad, really.
This all happened, mind you, after a few days of actual gains. You know, the kind of gains that make you feel briefly invincible before reality sets in. It’s a classic pattern.
All this shuffling around has brought cumulative net inflows down to a still-substantial $61 billion (don’t feel too bad for anyone) and total assets under management to $149 billion. That’s 6.75% of Bitcoin’s market cap, which is… a statistic. I’m sure it means something to someone. Probably Michael Saylor.
Bitcoin price feels the pressure after the rate cut
The price has been wobbling between $108,201 and $113,567, because, of course it is. It fell after the Federal Reserve decided to cut interest rates (apparently, lower rates are bad for Bitcoin now? Who knew?) but then rallied slightly after Trump and Xi Jinping had a chat about trade. Because geopolitical tensions are clearly excellent for digital currency. 🤔
ETFs still hold a bulk of Bitcoin
Analysts, those mysterious beings who get paid to make predictions about things that are inherently unpredictable, say ETF flows are, like, totally linked to the price. Who would have guessed? Apparently, a rally in October was fueled by a bunch of people buying into these ETFs. Surprise!
Despite the exodus, these ETFs are still hoarding over 1.5 million Bitcoin, worth a cool $169 billion. That’s 7.3% of the total supply. It’s like a digital dragon’s hoard. BlackRock’s IBIT is leading the pack with 805,239 Bitcoin, followed by Fidelity and then Grayscale. A perfectly sensible distribution of wealth, really.
And speaking of sensible, Michael Saylor (the man who bet his company on Bitcoin) remains unfazed. He predicts Bitcoin will hit $150,000 by the end of 2025. Which, honestly, is the kind of optimism you need when your net worth is tied to a fluctuating digital image of a tulip. 🌷
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2025-10-30 09:23