ETFs Dumping Bitcoin Like a Bad Tinder Date!

Breaking news, folks! After Trump’s tariff tantrum, Bitcoin ETFs have lost nearly $100M. 😱 Investors are running for the hills, leaving poor Bitcoin in the dust. #ByeFelicia

According to Sosovalue, US spot Bitcoin ETFs had a net outflow of $99.86M on April 3, just after Trump announced tariffs on 50+ countries. This week alone, Bitcoin ETFs have seen $107.81M in net selling. 🤑💸

In the latest sell-off, Grayscale’s GBTC ETF led the pack with $60.2M in sales, followed closely by Bitwise BITB’s $44.19M and Fidelity FBTC’s $23.27M. Even Ark and 21Shares’ ARKB, VanEck’s HODL, and WisdomTree’s BTCW ETFs are feeling the pain. 😢

But wait, there’s a silver lining! BlackRock’s IBIT managed to attract $65.25M, making it the only Bitcoin ETF with net inflows for the day. 🎉

With Bitcoin’s recent rollercoaster ride, investors are playing it safe. BTC hit an all-time high earlier this year, but now analysts say it might be time for a healthy correction. 🤔

At the time of writing, Bitcoin is trading around $83,000, down over 6% from its weekly high. Will Bitcoin recover or continue to spiral? Stay tuned! 🤞🚀

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2025-04-04 13:57