Spot Bitcoin ETFs See Fresh Inflows Ahead of Trump’s Tariffs
Spot Bitcoin ETFs in the U.S. went back in the green, seeing fresh inflows just ahead of Trump’s new “Liberation Day” tariffs.
According to SoSoValuedata, on April 2, the 12 spot Bitcoin ETFs pulled in $220.76 million in net inflows while snapping a 3-day losing streak where over $320 million had flowed out.
Most of the inflows went into ARK 21Shares’ ARKB and Fidelity’s FBTC, which brought in $130.15 million and $118.79 million, respectively, both of which had seen outflows the previous day.
Grayscale’s mini Bitcoin Trust and Bitwise’s BITB also added to the gains with $34.28 million and $33.38 million in inflows. Other players like Franklin Templeton’s EZBC, VanEck’s HODL, and Valkyrie’s BRRR saw more modest inflows of $10.01 million, $47.33 million, and $2.69 million.
Interestingly, BlackRock’s IBIT, the largest asset manager in terms of net assets held, bucked the trend with $115.87 million in net redemptions, its first outflow in the last three weeks.
Total trading volume across these ETFs hit $2.51 billion on the day, and since their launch, they’ve brought in a total of $36.24 billion in net inflows.
Yesterday’s jump in inflows came as Bitcoin bounced back 3.6% to around $87,100 after dipping earlier in the day. The recovery seemed to coincide with Trump’s big tariff announcement, which some analysts believe might actually help Bitcoin in the long run.
Still, Trump’s aggressive new tariffs, starting with a flat 10% on all imports and even higher for some key trading partners, shook up both the crypto and traditional markets.
According to BitMEX co-founder Arthur Hayes, while the tariffs spooked markets a bit, things should be fine as long as Bitcoin holds above $76,500 through U.S. tax day on April 15. He also warned traders to stay alert and not get “chopped up” by the market’s wild swings.
At press time, Bitcoin (BTC) was down 1.1% over the past day, exchanging hands at $83,242 per coin.