Following Trump’s tariff announcements, the spot Bitcoin ETFs have recorded nearly $100 million in net outflow as investors rethink their strategies and move away from risk assets like Bitcoin.
As per Sosovalue data, spot Bitcoin ETFs in the U.S. had a net outflow of $99.86 million on April 3 after it accumulated $220.76 million on the day Trump announced tariffs on 50+ countries. So far this week Bitcoin ETFs have seen $107.81 million net selling for the week.
In the last session’s selling, Grayscale’s GBTC ETF led with it selling $60.2 million, which was followed by Bitwise BITB’s $44.19 million and Fidelity FBTC’s $23.27 million. Besides, Ark and 21Share’s ARKB, VanEck’s HODL and WisdomTree’s BTCW ETFs have also witnessed negative inflow.
Although BlackRock’s IBIT has managed to attract $65.25 million, making it the only Bitcoin ETF to have net inflows for the day.
While Bitcoin is going through dramatic volatility in the past few days, investors and trades are being cautious as BTC marked a new all-time high earlier this year and according to some analysts, it is now potentially leading into a healthy correction.
At the time of writing, Bitcoin price is trading near $83,000, down over 6% from the weekly high.
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