U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net outflows of $326.27 million on Tuesday, the largest single-day outflow since March 11, as investors reacted to economic uncertainty caused by former President Donald Trump’s sweeping new tariffs on Chinese imports.
The biggest daily outflows since March came as investors braced for the fallout from the trade war. The tariffs, which went into full effect at midnight today, have rattled global markets, contributing to a wave of risk-off among traders.
“The biggest outflow since March 11 signals renewed macro-driven risk aversion as tariff headlines add pressure on risk assets,” Rick Maeda, research analyst at Presto Research, said in a statement.
Maeda added that ETF flows will continue to be volatile as investors tend to sell indiscriminately during periods of heightened market stress.
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of Tuesday’s outflows, with $252.9 million leaving the fund, according to SoSoValue data.
Other spot bitcoin ETFs also saw significant withdrawals:
Tuesday marked the fourth consecutive day of net outflows from U.S. spot Bitcoin ETFs, with the products seeing $109.2 million in outflows on Monday, while trading volume fell from $6.6 billion on Monday to $3 billion on Tuesday.
*This is not investment advice.
Continue Reading: Donald Trump's Additional Tariffs on Chinese Imports Also Affect Bitcoin ETFs! Outflows Increase! Here Are the Details