15.04.2025 15:01
Spot Bitcoin ETFs in the U.S. saw a resurgence of inflows on April 14, following an increase in investor confidence due to Donald Trump's easing of tariffs on Chinese technology products. According to SoSoValue data, 12 spot Bitcoin ETFs recorded a net inflow of $1.47 million on Monday. This development would end a seven-day negative streak that resulted in an outflow of $878 million.
Signs of recovery in spot Bitcoin ETFs coincided with positive developments in US-China trade relations. BlackRock's IBIT fund led the gains with an inflow of $36.72 million, while Fidelity's FBTC balanced most of this with an outflow of $35.25 million. The total daily trading volume across all BTC ETFs reached $2.16 billion on April 14, while total net inflows since launch amounted to $35.36 billion.
The 7-Day Downtrend in Bitcoin ETFs Has Ended
While the situation in spot Bitcoin ETFs is improving, the outlook for Ethereum ETFs looks darker. Ethereum ETFs experienced outflows for the fifth consecutive day, losing $5.98 million on Monday. Fidelity's FETH was the biggest loser with an outflow of $7.78 million, while 21Shares' CETH slightly mitigated the blow with an inflow of $1.8 million.
The slight improvement in the ETF market came after Donald Trump announced that certain Chinese technology products, including smartphones and computers, would be exempt from "reciprocal" tariffs. These exemptions were announced following weeks of heightened tensions, where heavy tariffs of up to 145% from the US and 125% from China were mutually imposed, raising fears of a full-blown trade war.
After the pullback, US markets closed higher on Monday. Bitcoin climbed above $85,000 after holding strong at the $84,000 support level. BTC gained approximately 7% compared to last week.
Experts indicate that Bitcoin is currently forming a Shark Harmonic pattern, a technical setup that follows a consolidation phase. If this occurs, BTC could surpass its previous all-time high of around $110,000 before experiencing any major pullback.
Agne Linge, the growth head of decentralized bank WeFi, pointed out that 30-year bond yields in Japan have reached their highest level in 30 years. Linge warned that this could signal a move away from risky assets like Bitcoin (BTC) by institutions that prefer safer yields.