- U.S. spot Bitcoin ETFs saw $172.89 million in outflows last week amid a broader crypto sell-off, ending two weeks of strong inflows.
- Investor confidence was shaken by President Trump’s new “Liberation Day” tariff strategy, contributing to a sharp drop in crypto markets and ETF investments.
- While most ETFs faced losses led by Grayscale’s $95.5M outflow, some funds like Franklin Templeton and Fidelity bucked the trend, recording $61.8M in net inflows.
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded significant outflows last week, shedding $172.89 million as heightened trade tensions and a broad crypto market sell-off rattled investor confidence.
The latest data from SoSoValue reveals that investor withdrawals from all 12 spot Bitcoin ETFs reached $172.89 million last week following two positive weeks of taking in $941 million. A wave of money left the exchange-traded funds during four days between March 31 and April 4 as market turbulence increased after President Donald Trump unveiled his new tariff strategy named “Liberation Day” duties.
On Tuesday the funds saw $157.64 million in cash withdrawals, and the movement continued through Thursday with $99.86 million and then Friday at $64.88 million. Monday started with $71.07 million in fund liquification before Wednesday generated a $220.76 million influx.
Bitcoin ETFs Struggle Amid Major Fund Losses
Grayscale’s Bitcoin Trust (GBTC) experienced the largest fund withdrawals, losing $95.5 million in a week. WisdomTree’s BTCW reported $44.6 million less money in its funds than BlackRock, Bitwise, ARK 21Shares, and VanEck, which faced $35.5 million, $24.1 million, $22.2 million, and $4.9 million in withdrawals, respectively.
Despite this trend, several investment funds managed to resist the downward movement. Grayscale’s spot Bitcoin Trust and Two BTC funds from Franklin Templeton and Fidelity received $61.8 million in deposits despite other funds losing money. The rest of the ETFs stayed at their balance without any changes during the week.
Market participants pulled back from investing in all types of Bitcoin products during the period. Over the last six weeks, Ethereum ETFs received $49.93 million less in investments for a total withdrawal of $795 million.
Bitcoin took its worst quarter since 2018 while traders showed decreased market confidence due to Trump’s tariff announcement. The new trade program adds a 10% duty on all imports plus stronger tariffs for specific major trading partners, leading investors to worry about another worldwide trade war.
In the last 24 hours the whole cryptocurrency market declined by 10% as of our current update. According to BitMEX co-founder Arthur Hayes, Bitcoin lost 9.3% of its value by falling below $76,500, which marked a crucial support point that he identified as necessary to avoid further price drops.