- Fed futures traded 100% unchanged at the April 29 FOMC meeting.
- US spot Bitcoin ETFs recorded $89.68 million in daily outflows.
- Ethereum spot ETFs remained negative, with $21.80 million in daily outflows.
Fed expectations entered the session without a surprise rate hike. Bitcoin ETFs still recorded heavy outflows, led by BlackRock’s IBIT. Ethereum ETFs also remained in negative territory, despite gaining on the record. What put the crypto markets in the middle of the stable prices is the low demand for ETFs.
FedWatch Rates 100% Rate Hold As Bitcoin Faces Post-FOMC Tests
Fed funds futures fell in value on April 29, 2026 FOMC meeting. His goals ranged from 350 to 375 in the latest reading. Traders assigned a 100% probability of no change, with 0% of ease and 0% of upside. The contract used in the session was ZQJ6, which expired on 30 April 2026. It took an average price of 96.3588, an initial volume of 6,411, and an initial interest of 422,968.
The one-day and one-week readings also put the chance of not changing at 100%. A month earlier, the same model had a probability of 95.9%. The top 375 to 400 shares gained 4.1% a month earlier, then dropped to zero. That move eliminated the remaining fares before the convention. The current rate of interest, therefore, became the only consequence of value.
This arrangement gives Bitcoin traders a cleaner event than recent FOMC meetings. Phemex’s main data found BTC fell within 48 hours after the last nine FOMC meetings. That decline came regardless of the policy decision. Today’s prices are creating mixed reactions because futures have removed the uncertainty of prices before the announcement. Markets entered the rally without a price trend to climb or cut.
Bitcoin’s next move, therefore, depends less on the rate decision and more on the Fed’s message. Fixed effects are already fixed in futures prices. Market conditions can change to guidance, inflation language, and risk appetite after the statement. Crypto markets often react quickly when traders change positions after central bank events. With odds fixed at 100%, BTC faces a rather surprising placement test.
Spot Bitcoin ETFs See $89.68M Outflow as IBIT Leads Trading Volume
According to the latest update by SoSoValue, a US space Bitcoin ETFs recorded a daily volume of $89.68 million on April 28. The total amount traded reached $1.35 billion, while the total assets stood at $100.39 billion. That stock in the base represented 6.56% of the Bitcoin market capitalization. BlackRock’s IBIT led the activity with $1.03 billion in transaction value. However, the fund posted the highest daily outflow at $112.25 million. IBIT held $61.76 billion in total assets and controlled 4.03% of Bitcoin supply. Its market price closed at $43.27, down 0.67% on the day.
Fidelity’s FBTC also recorded outflows, with $4.98 million leaving the fund. FBTC traded $144.83 million in value and held $14.16 billion in total assets. The stock’s market price fell 0.70% to $66.48. Its Bitcoin share stood at 0.93%, making it the second-largest asset in the world. Bitwise’s BITB extended its negative daily decline with $13.65 million in outflows. The fund sold $30.98 million and held $2.90 billion in total assets. Its market price fell 0.72% to $41.45. BITB had a fee of 0.20% and had a share of 0.19% of Bitcoin.
Ark 21Shares’ ARKB moved against the daily trend. The fund recorded $41.20 million in losses on April 28. ARKB sold $24.49 million and held $2.86 billion in total assets. Its share price fell 0.76% to $25.32, matching the weakness of the broader stock market. Grayscale’s GBTC reported zero daily inflows and zero Bitcoin inflows. The fund still has $11.53 billion in assets. GBTC sold $72.93 million, while its market price decreased 0.72% to $59.34. Its fee of 1.50% remained the highest among listed products.
Grayscale BTC trading reported no daily movement. It took in $4.05 billion in total revenue and sales of $28.31 million. Its share price fell 0.68% to $33.77. The fund had a fee of 0.15% and a share of 0.26% of Bitcoin. A few small sales that are not listed every day. VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, and WisdomTree’s BTCW all showed zero. Their market prices fell between 0.66% and 0.72%. The session ended with losses in ETF prices and daily gains from IBIT and BITB.
What about Ethereum ETFs?
Although Bitcoin reported an exit, Ethereum Spot ETFs remained in the red as they logged $21.80 million daily. The total value of the sales reached $428.61 million in sales recorded for this segment. Total net worth stood at $13.57 billion after the adjustment. The price of Ethereum was 4.90%. BlackRock’s ETHA led the market with $325.83 million in traded value. The fund posted the largest daily outflow, with $13.17 million exiting the trade.
ETHA held $7.26 billion in total assets at the end. Its market price rose 0.58% to $17.37 despite the exit. Grayscale’s ETH product reported no daily entries. It handled $2.09 billion in total assets and sales of $25.60 million. The stock gained 0.55% to $21.84. Its payout stood at 0.15%, below Grayscale’s ETHE payout.
Grayscale’s ETHE posted $6.91 million daily. The fund had $1.88 billion in total assets and sales of $22.72 million. The market price of ETHE rose 0.54% to $18.69. Its fee of 2.50% remained the highest among Ethereum transactions on record. Fidelity’s FETH also added $1.72 million in daily turnover. The fund sold $18.11 million and held $1.29 billion in total assets. Its share price rose 0.53% to $22.93. FETH had a fee of 0.25% during the session.
Ethereum ETF data shows average intraday gains. BlackRock’s ETHB, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, Invesco’s QETH, and 21Shares’s TETH all showed zero. Their market prices continued to rise throughout this period. Daily profits ranged from 0.44% to 0.69%. Bitwise’s ETHW traded $8.73 million and held $242.75 million in total assets. VanEck’s ETHV sold $724,470 and held $116.62 million. Franklin’s EZET sold $441,460 and earned $46.11 million. Invesco’s QETH traded $75,340 for a total of $21.83 million.
