Trump's tariffs hit Bitcoin ETFs: Millions of dollars in outflows.

09.04.2025 15:23

Spot Bitcoin ETFs in the U.S. experienced an outflow of $326.27 million on Tuesday. Investors acted cautiously ahead of the tariffs that went into effect at midnight on Wednesday, extending a four-day streak of negative flows. This outflow was recorded as the largest daily net loss since March 11.

The new tariffs announced by Trump, which have shaken global markets, have also impacted the cryptocurrency ecosystem. The new trade policy, which includes a 104% tariff on Chinese imports, has increased risk perception, causing investors to seek safe havens. The capital outflow from spot Bitcoin ETFs indicates that crypto assets are no longer isolated from global economic developments.

The Impact of U.S. Tariffs on Global Markets Deepens

U.S. spot Bitcoin exchange-traded funds faced significant capital outflows ahead of Trump's major tariffs. The $326.27 million outflow recorded on Tuesday was noted as the largest daily net loss since March 11.

Presto Research analyst Rick Maeda stated, "The largest outflow indicates renewed macro-related risk aversion as tariff news increases pressure on risk assets." Maeda added, "ETF flows will remain volatile, and history shows that investors typically sell indiscriminately during periods of seeking safe investments."

According to SoSoValue data, BlackRock's IBIT led the negative flows with a $252.9 million outflow on Tuesday. Bitwise's BITB saw a $21.7 million outflow, while Ark and 21Shares' ARKB experienced a $19.9 million outflow. Grayscale's GBTC, Grayscale Bitcoin Mini Trust, Franklin's EZBC, and Invesco's BTCO also reported outflows.

These capital outflows extended the negative flow streak for spot Bitcoin ETFs to four consecutive days. The ETFs that experienced a net outflow of $109.2 million on Monday saw their trading volume drop to $3 billion on Tuesday. This figure was significantly lower than Monday's $6.6 billion and last Friday's $4.4 billion volumes.

Bitcoin (BTC) gave back the gains it made from a brief rally above $80,000 after the major sell-off at the beginning of the week. At the time of writing, it had fallen to $77,465, down 2.6% in the last 24 hours. Spot Ethereum (ETH) ETFs also experienced a net outflow of $3.29 million on Tuesday.