Bitcoin ETFs Bleed $326 Million as Trump's Tariff War Shakes Investor Confidence
Portfolio Pulse from
Bitcoin ETFs experienced significant net outflows of $326 million on Tuesday, with BlackRock's IBIT leading the exodus at $252.9 million. The outflows coincide with global market volatility triggered by potential US-China tariff escalations, causing investor uncertainty. Despite a brief price spike after Trump's tariff pause announcement, Bitcoin remains under pressure, with its price dropping 4.9% over the past week.
April 10, 2025 | 11:00 am
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NEGATIVE IMPACT
Bitwise's BITB ETF saw $21.7 million in outflows, contributing to the broader trend of investor risk aversion in cryptocurrency markets.
The outflow from BITB reflects the current market sentiment of caution and potential shift away from cryptocurrency investments.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
BlackRock's IBIT experienced a record $252.9 million outflow, reflecting broader market nervousness about cryptocurrency investments amid geopolitical tensions.
The significant outflow indicates reduced investor confidence in Bitcoin ETFs, potentially driven by macroeconomic uncertainties and geopolitical risks.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100