U.S. crypto ETFs saw substantial outflows totaling $550 million on October 29, driven by uncertainty over Federal Reserve rate cuts. Bitcoin ETFs experienced a $470.71 million withdrawal, with Fidelity's FBTC leading the losses at $164.36 million. Ethereum ETFs faced $81.44 million in outflows, primarily from Fidelity's FETH, which accounted for $69.49 million. The market reacted to Fed Chair Jerome Powell's indication that the recent 25 basis point rate cut might be the last for 2025. This uncertainty led to a decline in cryptocurrency prices, with Bitcoin falling 3.71% to $108,325.44 and Ethereum dropping 2.68% to $3,904.19.