Bitcoin ETFs Bleed $326 Million as Trump’s Tariff War Shakes Investor Confidence ⋆ ZyCrypto
The post Bitcoin ETFs Bleed $326 Million as Trump’s Tariff War Shakes Investor Confidence ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     On Tuesday, investors yanked substantial amounts from the U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) as macroeconomic uncertainties cast a shadow over the cryptocurrency’s price prospects. Bitcoin ETFs Continue Their Losing Streak Amid Risk Aversion Eleven BTC ETFs recorded a combined net outflow of $326 million, marking their largest daily net outflows since March 11, data compiled by Farside Investors shows. BlackRock’s IBIT led the outflows, losing a record $252.9 million, with Bitwise’s BITB bleeding $21.7 million. The massive outflows coincide with a rocky period for global markets sparked by U.S. President Donald Trump’s announcement of sweeping reciprocal tariffs a week ago, sending risk assets lower. This tariff war marks a new low in U.S.-China trade relations, with both sides now imposing near-prohibitive tariffs on each other’s goods. Spot Bitcoin ETFs are currently on a four-day losing streak, with only one day of inflows so far this month. On April 2, when Trump announced his “Liberation Day”, spot Bitcoin ETFs attracted $218 million. Advertisement   The US Bitcoin ETFs investing directly in the world’s largest and oldest crypto debuted in January 2024 with much fanfare. Unprecedented strong demand for the investment vehicles helped to propel the token to a then lifetime high of $73,798 in March of the same year. Over the past seven days, Bitcoin’s price has plummeted by roughly 4.9%, marking yet another bull failure to rebound above the $100,000 milestone. The apex crypto, often considered a hedge against geopolitical turmoil, briefly tumbled below $75,000, according to crypto data provider CoinGecko. However, BTC spiked nearly 5% in less than an hour to hit a local high of $82,665 after President Trump said on Wednesday that he will allow a 90-day pause on the implementation of reciprocal tariffs against most countries, prompting crypto and stock prices…
Filed under: News - @ April 10, 2025 11:35 am