Spot bitcoin ETFs see nearly $100 million in net outflows as stocks tumble on Trump’s tariff news

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The Block2025/04/03 16:00

By:By Timmy Shen

Quick Take Spot bitcoin ETFs in the U.S. saw $99.86 million leave the products on Thursday, reversing the previous day’s inflows of $220.76 million. U.S. stock markets experienced a Covid-like shock, recording their worst day since June 2020.

Spot bitcoin ETFs see nearly $100 million in net outflows as stocks tumble on Trump’s tariff news image 0

U.S. spot bitcoin exchange-traded funds logged $99.86 million in net outflows Thursday, as the U.S. stock market tumbled following Trump's tariff announcement.

Grayscale's GBTC led the outflows with $60.2 million, followed by Bitwise BITB's outflows of $44.19 million and Fidelity FBTC's $23.27 million, according to SoSoValue data . Ark and 21Share's ARKB, VanEck's HODL and WisdomTree's BTCW also logged outflows.

However, BlackRock's IBIT, the largest spot bitcoin ETF by net assets, attracted $65.25 million, making it the only spot bitcoin fund to register net inflows on the day.

Thursday's $99.86 million outflow reversed the previous day's $220.76 million inflow amid a sharp downturn in financial markets. Investors were rattled after U.S. President Donald Trump announced a baseline 10% tariff on imports, with some countries facing tariffs exceeding 50%.

U.S. stocks plunged on the news, with the Nasdaq tumbling 6%, the S&P 500 dropping 4.8%, and the Dow falling 3.9%. The cryptocurrency market also felt the impact, as bitcoin dropped by more than 6% in response to the announcement.

Bitcoin was trading at $83,220 at the time of writing, down 0.13% over the past 24 hours, according to The Block's price page. Ether fell 1% to change hands at $1,805.

The spot ether ETFs in the U.S. saw $3.59 million in outflows on Thursday, following outflows of $51.24 million the previous day.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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