Bitcoin ETFs See $100 Million Outflow as Tariff News Shakes Markets

Bitcoin exchange-traded funds (ETFs) in the United States recorded significant net outflows of nearly $100 million on Thursday, coinciding with a sharp decline in the U.S. stock market.

The downturn was triggered by President Donald Trump’s announcement of new tariffs, which unsettled investors.

Among the funds affected, Grayscale’s GBTC saw the most substantial outflows, losing over $60 million. Bitwise’s BITB and Fidelity’s FBTC also faced heavy outflows, totaling around $44 million and $23 million, respectively. Additional spot bitcoin ETFs, including Ark and 21Share’s ARKB, VanEck’s HODL, and WisdomTree’s BTCW, reported withdrawals as well.

In contrast, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, was an outlier, attracting more than $65 million on the same day, making it the only fund to record positive net inflows.

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The net outflow of almost $100 million marked a stark reversal from the previous day’s influx of approximately $221 million, as market sentiment shifted following the announcement of a baseline 10% tariff on imports, with some countries facing significantly higher rates of over 50%. This policy change led to a considerable sell-off in both traditional and digital markets.

Major U.S. stock indices took a hit, with the Nasdaq losing 6%, the S&P 500 dropping 4.8%, and the Dow Jones falling by 3.9%. The cryptocurrency market also reacted negatively, with bitcoin experiencing a more than 6% drop. At the time of reporting, bitcoin was priced at around $83,220, reflecting a minor decline of 0.13% over the past day, while ether fell 1% to approximately $1,805.

Additionally, U.S. spot ether ETFs continued to see outflows, losing $3.59 million on Thursday, following even larger outflows of over $51 million the day before.

Alexander Stefanov