On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a significant $127.12 million in net outflows, even as the broader market rallied following President Donald Trump’s announcement of a 90-day pause on new tariffs.
BlackRock’s IBIT ETF saw the largest outflows, with $89.7 million exiting the fund. Grayscale’s GBTC also experienced outflows of $33.8 million, while VanEck and WisdomTree’s ETFs reported similar trends. The only positive note was Bitwise’s BITB, which recorded a modest $6.7 million in inflows.
Wednesday’s outflows extended the negative flow streak to five consecutive days, despite the positive market momentum triggered by Trump’s tariff pause. Investors appear cautious about the market’s future direction, with outflows continuing despite a temporary reprieve in the trade war.
The outflows from the ETFs came despite rallies in both traditional finance and crypto markets. President Trump’s decision to halt new tariffs and reduce duties for most countries to 10% was seen as a positive sign for market sentiment. However, the increase in tariffs on Chinese imports to 125% left many investors uncertain.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-etf-outflows-surge-amid-tariff-pause-announcement-by-trump/