The post Trump Tariff Ease But Bitcoin ETFs Outflow Crosse $1 Billion! ETH ETF Follows! appeared first on Coinpedia Fintech News
The global crypto market has jumped 6.7% in the last 24 hours after President Donald Trump announced a 90-day pause in tariffs, giving a moment of relief for the investors. Despite this crypto market is still struggling in the ETF sector as U.S listed Bitcoin and Ethereum ETF products continue to see outflows.
Bitcoin ETF Outflows Cross $1 Billion
Since March 28, Bitcoin ETFs have faced continuous outflows, with total outflows now exceeding $1.03 billion. The only break came on April 2, when an inflow of $218.1 million occurred due to optimism around Trump’s “Liberation Day” tariff announcement.
According to Farside data, Bitcoin spot ETFs recorded their fifth straight day of outflows on April 9, losing $127.2 million. Leading the outflow charge was BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw one of the largest sell-offs of $89.7 million, followed by Grayscale (GBTC) with $33.8 million in outflow.
The increasing outflow from ETFs has led experts to believe that ongoing U.S.-China trade tensions are pushing investors to liquidate assets, including crypto ETFs, in favor of holding cash.
Ethereum ETFs Also Facing Losses
Ethereum ETFs are also seeing significant losses. Since the beginning of April, nine ETH ETFs have collectively lost $73 million.
On April 9 alone, Ethereum ETFs faced $11.2 million in net outflows. Fidelity’s Ethereum ETF (FETH) led the decline, losing $5.7 million, followed closely by BlackRock’s Ethereum ETF (ETHA), which saw a $5.5 million outflow. Meanwhile, no other ETF provider has reported any inflows.
Bitcoin and Ethereum Prices Stay Strong
While investors pull money from ETFs, crypto prices continue to climb. In the last 24 hours, Bitcoin’s price has surged by 7%, currently trading around $81,964. Meanwhile, Ethereum has gained 8%, hovering around $1,600.
