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Bitcoin, Ethereum ETF Outflows Surge ahead of Trump’s Tariff Liberation Day

23h ago
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Bitcoin, Ethereum ETF Outflows Surge ahead of Trump’s Tariff Liberation Day

The Trump’ tariff Liberation Day on April 2 is here, and investors are making cautious moves, pulling out a total of $222 million from US Bitcoin BTC $84 690 24h volatility: 0.9% Market cap: $1.68 T Vol. 24h: $29.21 B ETF and US Ethereum ETH $1 871 24h volatility: 0.5% Market cap: $225.63 B Vol. 24h: $14.98 B ETF in the first two days of this week.

After some inflows over the past week, US Bitcoin ETF flows have turned net negative once again, with Fidelity’s FBTC leading the outflows. Bitwise (BITB), Ark Invest (ARKB), and WisdomTree (BTCW) led $60.6 million outflows on March 31, while BlackRock’s IBIT was the only fund to record positive inflows.

However, on April 1, the outflows surged even further to $158 million, with FBTC and ARKB leading the charge. On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) has been trying to hold the line with zero of just minor inflows. Similarly, Ethereum ETFs saw net outflows of $3.6 million, according to Farside data, indicating cautious sentiment among institutional investors.

Bitcoin, Ethereum ETF Investors Remain Cautious Before Trump’s Liberation Day

Ahead of the Trump Liberation Day announcement on April 2, traders are taking a cautious “wait-and-see” approach. US President Donald Trump has already hinted at his intentions to unveil sweeping new tariffs. As a result, market participants are bracing for the volatility ahead as the global tariff war kicks in.

Currently, investors are quite unsure of their broader impact on the economy and crypto markets.

Despite Bitcoin’s struggle to attract institutional safe-haven flows, its long-term outlook remains strong. This is evident as Bitcoin’s supply on exchanges has fallen to 7.53%, the lowest level since February 2018, signaling increased holding sentiment among investors.

Gold Becomes the Ultimate Winner

While Bitcoin seeing strong selling pressure, Gold price has continued to hit fresh highs amid the ongoing macro uncertainty.

A Bank of America survey revealed that 58% of fund managers favor gold as a safe-haven asset amid trade war concerns, while just 3% support Bitcoin.

Bitcoin, Ethereum ETF Outflows Surge ahead of Trump’s Tariff Liberation Day

23h ago
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bearish:

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Share
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