Bitcoin ETFs Face Mass Exodus While Trump Plays Tariff Chess đŸ§©

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So, here’s the drama: BlackRock’s IBIT ETF got hit the hardest, with a dramatic $89.7 million making a swift exit. I mean, if you ever wanted a reminder that money’s like water—always finding the quickest escape route—this is it. Grayscale’s GBTC wasn’t far behind, losing a casual $33.8 million. And don’t get me started on VanEck and WisdomTree, whose ETFs were basically playing musical chairs with their own funds. The only silver lining? Bitwise’s BITB managed to pull off a tiny victory with a humble $6.7 million in inflows. Bravo, Bitwise. 👏

Now, brace yourselves—Wednesday’s outflows pushed the “negative flow” streak to FIVE (yep, five!) consecutive days. Can we just stop and appreciate the drama of that? Investors are acting like they’re watching a soap opera, unsure whether the market is going to do the plot twist or just roll credits. And all of this, mind you, is happening after Trump’s so-called ‘pause’ in the tariff saga. I mean, sure, the trade war took a breather, but the market? Nope, still packing its bags and heading for the hills.

Here’s where it gets real messy: the ETFs drained out even though both traditional finance and crypto markets were having their little ‘yay’ moment. Trump’s ‘let’s not add new tariffs and let’s make them 10% instead of 20%’ move should’ve been the spark of joy. But surprise! Investors are still giving the side-eye, especially with that little thing called the 125% tariff hike on Chinese imports. Yeah, that’s a big “we’ll just wait and see.”🙄

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2025-04-10 20:59