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MainNewsBitcoin ETFs...

Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War


Apr, 03, 2025
2 min read
by Wahid Pessarlay
for Coinspeaker
Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War

Coinspeaker
Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War

Spot Bitcoin BTC $83 093 24h volatility: 1.1% Market cap: $1.65 T Vol. 24h: $56.34 B exchange-traded funds (ETFs) in the US recorded a net inflow of $220.7 million on April 2, while the broader market showed bearish sentiment toward US President Donald Trump’s new set of trade tariffs.

On Wednesday, April 2, Trump announced a 10% baseline tariff on imports and reciprocal tariffs on most of the US’s trade partners. China, the second-largest economy in the world, faced another 34% tariff from the US President, according to a Reuters report.

Despite the new set of tariffs, spot BTC ETF in the US saw $220 million in net inflow yesterday, according to data from SoSoValue. ARK & 21Shares’ ARKB and Fidelity’s FBTC led with $130.1 million and $118.8 million in inflows, respectively.

BlackRock’s IBIT fund, however, registered a net outflow of $115.9 million, according to SoSoValue.

The total BTF ETF trading volume reached $2.51 billion with a cumulative net inflow of $36.24 billion.

Spot Ethereum  ETH $1 816 24h volatility: 2.0% Market cap: $219.55 B Vol. 24h: $25.27 B   ETFs showed a negative reaction to the Trump tariffs. These investment products saw a net outflow of $51.3 million on April 2.

Grayscale’s ETHE and BlackRock’s ETHA recorded $31.1 million and $20.2 million in outflows, respectively.

Tariffs and Bears

Trump’s tariffs on the US trade partners brought bearish momentum to the digital asset market. The global crypto market capitalization declined by 0.96% to $2.68 trillion, according to CoinMarketCap data.

Bitcoin slightly dipped to $83,350 with a market cap of $1.65 trillion.

Ethereum, the leading altcoin, dropped 2% in the past 24 hours and is trading at $1,820 at the time of writing.

On the other hand, major US stocks like the S&P 500 and Dow Jones Industrial Average gained 0.67% and 0.56%, respectively.

While the new US trade tariffs haven’t brought a bearish storm to the crypto market, they could still prevent the market from gaining strong bullish momentum unless a major catalyst drives another bull run.

Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War

Read the article at Coinspeaker

Read More

Arthur Hayes Explains Why Trump Tariffs Are Good for Bitcoin

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Era of US Treasuries and Stocks As Global Reserve Assets Now Over As Gold and Bitcoin Take Over: Arthur Hayes

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Apr, 06, 2025
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MainNewsBitcoin ETFs...

Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War


Apr, 03, 2025
2 min read
by Wahid Pessarlay
for Coinspeaker
Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War

Coinspeaker
Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War

Spot Bitcoin BTC $83 093 24h volatility: 1.1% Market cap: $1.65 T Vol. 24h: $56.34 B exchange-traded funds (ETFs) in the US recorded a net inflow of $220.7 million on April 2, while the broader market showed bearish sentiment toward US President Donald Trump’s new set of trade tariffs.

On Wednesday, April 2, Trump announced a 10% baseline tariff on imports and reciprocal tariffs on most of the US’s trade partners. China, the second-largest economy in the world, faced another 34% tariff from the US President, according to a Reuters report.

Despite the new set of tariffs, spot BTC ETF in the US saw $220 million in net inflow yesterday, according to data from SoSoValue. ARK & 21Shares’ ARKB and Fidelity’s FBTC led with $130.1 million and $118.8 million in inflows, respectively.

BlackRock’s IBIT fund, however, registered a net outflow of $115.9 million, according to SoSoValue.

The total BTF ETF trading volume reached $2.51 billion with a cumulative net inflow of $36.24 billion.

Spot Ethereum  ETH $1 816 24h volatility: 2.0% Market cap: $219.55 B Vol. 24h: $25.27 B   ETFs showed a negative reaction to the Trump tariffs. These investment products saw a net outflow of $51.3 million on April 2.

Grayscale’s ETHE and BlackRock’s ETHA recorded $31.1 million and $20.2 million in outflows, respectively.

Tariffs and Bears

Trump’s tariffs on the US trade partners brought bearish momentum to the digital asset market. The global crypto market capitalization declined by 0.96% to $2.68 trillion, according to CoinMarketCap data.

Bitcoin slightly dipped to $83,350 with a market cap of $1.65 trillion.

Ethereum, the leading altcoin, dropped 2% in the past 24 hours and is trading at $1,820 at the time of writing.

On the other hand, major US stocks like the S&P 500 and Dow Jones Industrial Average gained 0.67% and 0.56%, respectively.

While the new US trade tariffs haven’t brought a bearish storm to the crypto market, they could still prevent the market from gaining strong bullish momentum unless a major catalyst drives another bull run.

Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War

Read the article at Coinspeaker

Read More

Arthur Hayes Explains Why Trump Tariffs Are Good for Bitcoin

Arthur Hayes Explains Why Trump Tariffs Are Good for Bitcoin

Coinspeaker Arthur Hayes Explains Why Trump Tariffs Are Good for Bitcoin BitMEX co-fo...
Apr, 04, 2025
2 min read
by Coinspeaker
Era of US Treasuries and Stocks As Global Reserve Assets Now Over As Gold and Bitcoin Take Over: Arthur Hayes

Era of US Treasuries and Stocks As Global Reserve Assets Now Over As Gold and Bitcoin Take Over: Arthur Hayes

BitMEX founder and crypto investor Arthur Hayes says gold and Bitcoin (BTC) are effec...
Apr, 06, 2025
2 min read
by The Daily Hodl