Bitcoin Fell After 8 of 9 FOMC Meetings: Can ETF Demand Change That?

1 week ago 8

Rommie Analytics

  • Fed funds futures priced a 100% no-change outcome for the April 29 FOMC meeting.
  • U.S. spot Bitcoin ETFs recorded $89.68 million in daily net outflows.
  • Ethereum spot ETFs also remained negative, with $21.80 million in daily net outflows.

Fed rate expectations entered the session with no policy surprise priced in. Bitcoin ETFs still recorded heavier outflows, led by BlackRock’s IBIT. Ethereum ETFs also stayed in negative flow territory, despite gains across listed products. The data placed crypto markets between steady macro pricing and weaker ETF demand.

FedWatch Prices 100% Rate Hold as Bitcoin Faces Post-FOMC Test

Fed funds futures priced a full hold for the 29 April 2026 FOMC meeting. The target range stayed at 350 to 375 basis points across the latest reading. Traders assigned 100% probability to no change, with 0% for an ease and 0% for a hike. The contract used for the meeting was ZQJ6, expiring on 30 April 2026. It carried a mid pric...

Read Entire Article