To kick off the week, Bitcoin exchange-traded funds experienced a withdrawal of approximately 71 million dollars, building on losses from Friday, whereas Ether exchange-traded funds recorded inflows worth 6.42 million dollars. It appears that investors might be responding to economic uncertainties, such as potential tariffs that President Trump is planning to impose.
Bitcoin ETF Outflows Continue as Investors React to Market Uncertainty
Bitcoin ETFs stumbled into the new week, shedding $71.07 million in funds outflows, extending last Friday’s $93 million retreat. The downward momentum was led by Wisdomtree’s BTCW, which saw a massive $32.55 million exit.
21Shares’ ARKB experienced an outflow of approximately $23.18 million, similar to the trend seen in Bitwise’s BITB and Valkyrie’s BRRR, which lost around $19.87 million and $10.56 million respectively. However, Blackrock’s IBIT managed to bring in $15.09 million, yet this inflow failed to counterbalance the overall sell-off.
Ether ETFs, on the other hand, are showing signs of a slow but steady recovery. Fidelity’s FETH was the sole contributor to the day’s $6.42 million inflow, marking a continued break from the extended outflow streak that plagued ether funds throughout March.
With total bitcoin ETF trading volume reaching $1.60 billion, net assets declined further to $93.17 billion. Meanwhile, ether ETFs traded at $205.23 million for the day, with total net assets settling at $6.28 billion.
Some analysts speculate that the bitcoin ETF outflows could be tied to uncertainty surrounding President Trump’s upcoming tariffs set to take effect on April 2.
Market participants may be adjusting their positions in anticipation of potential economic shifts, triggering a wave of caution-driven sell-offs. Bitcoin ETFs now face a crucial test as they navigate macroeconomic pressures, with ether ETFs looking to sustain their recovery.
Read More
- UNLOCK ALL MINECRAFT LAUNCHER SKILLS
- The White Rabbit Revealed in Devil May Cry: Who Is He?
- Unaware Atelier Master: New Trailer Reveals April 2025 Fantasy Adventure!
- One Piece Episode 1124 Release Date And Time Countdown
- 8 Best Souls-Like Games With Co-op
- Top 8 UFC 5 Perks Every Fighter Should Use
- Unlock Roslit Bay’s Bestiary: Fisch Fishing Guide
- REPO: How To Fix Client Timeout
- One Piece Episode1123: Shocking Return and Epic Showdown with Kizaru!
- How to Reach 80,000M in Dead Rails
2025-04-01 23:29