Bitcoin ETFs: The Great $100 Million Escape! 💸

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So, according to Farside data, U.S. spot Bitcoin ETFs decided to take a little vacation on April 3, 2025, with a net outflow of nearly $100 million. This is a dramatic plot twist compared to the $220.76 million that came pouring in the day Trump decided to play Monopoly with tariffs on over 50 countries. Who knew tariffs could be so… exciting? 🎢

Spot Bitcoin Exchange Traded Funds Experience Significant Sell-Offs

In a week that felt like a bad reality show, Bitcoin ETFs faced a net selling of $107.81 million. It seems like investors are pulling back from riskier assets like Bitcoin, probably because they heard the word “tariff” and thought, “Nope, not today!” The sell-off followed a rollercoaster ride of volatility, with spot Bitcoin ETFs getting hit harder than a piñata at a kid’s birthday party. 🎉

Grayscale’s GBTC ETF Leads the Outflows

Leading the outflow parade is Grayscale’s GBTC, which sold off a whopping $60.2 million. Other ETFs joined the pity party, including Bitwise BITB with $44.19 million, Fidelity FBTC with $23.27 million, and a few others that we won’t name because they’re probably crying in a corner right now. 😢

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BlackRock’s IBIT Sees Inflows Amid the Chaos

In a shocking twist, BlackRock’s IBIT ETF managed to attract $65.25 million in inflows on April 3. It’s like the little engine that could, proving that some investors still believe in Bitcoin’s long-term potential, even while the rest of us are clutching our pearls in fear. 😳

Market Reaction to Trump’s Tariff Measures

The sudden shift in investor sentiment is all thanks to Trump’s tariff announcements, which introduced a 25% levy on foreign-made cars and a 10% minimum import tariff on U.S. trading partners. Because nothing says “let’s invest” like a good old-fashioned trade war! The aggressive measures caused more volatility than a cat on a hot tin roof, sending investors running away from risk assets like Bitcoin. 🏃‍♂️💨

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2025-04-04 20:34