The post Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War appeared on BitcoinEthereumNews.com.

Key Notes Spot BTC ETFs saw $220 million in net inflows on April 2. US President Donald Trump announced a 10% baseline tariff. Spot ETF ETFs witnessed a strong selloff again. Spot Bitcoin BTC $83 093 24h volatility: 1.1% Market cap: $1.65 T Vol. 24h: $56.34 B exchange-traded funds (ETFs) in the US recorded a net inflow of $220.7 million on April 2, while the broader market showed bearish sentiment toward US President Donald Trump’s new set of trade tariffs. On Wednesday, April 2, Trump announced a 10% baseline tariff on imports and reciprocal tariffs on most of the US’s trade partners. China, the second-largest economy in the world, faced another 34% tariff from the US President, according to a Reuters report. Despite the new set of tariffs, spot BTC ETF in the US saw $220 million in net inflow yesterday, according to data from SoSoValue. ARK & 21Shares’ ARKB and Fidelity’s FBTC led with $130.1 million and $118.8 million in inflows, respectively. BlackRock’s IBIT fund, however, registered a net outflow of $115.9 million, according to SoSoValue. The total BTF ETF trading volume reached $2.51 billion with a cumulative net inflow of $36.24 billion. Spot Ethereum  ETH $1 816 24h volatility: 2.0% Market cap: $219.55 B Vol. 24h: $25.27 B   ETFs showed a negative reaction to the Trump tariffs. These investment products saw a net outflow of $51.3 million on April 2. Grayscale’s ETHE and BlackRock’s ETHA recorded $31.1 million and $20.2 million in outflows, respectively. Tariffs and Bears Trump’s tariffs on the US trade partners brought bearish momentum to the digital asset market. The global crypto market capitalization declined by 0.96% to $2.68 trillion, according to CoinMarketCap data. Bitcoin slightly dipped to $83,350 with a market cap of $1.65 trillion. Ethereum, the leading altcoin, dropped 2% in the…

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Filed under: News - @ April 3, 2025 7:18 am