Bitcoin ETFs experienced $326 million in outflows as Trump\u2019s tariffs took effect.
\nBlackRock\u2019s IBIT was the hardest hit, losing $253 million.
\nEthereum ETFs also saw outflows, contributing to its price struggles.<\/p>\n
The cryptocurrency market felt the full force of Trump\u2019s new tariffs on Tuesday, as US spot Bitcoin exchange-traded funds (ETFs) experienced a mass exodus of investors.<\/p>\n
A staggering $326 million was pulled from these ETFs, marking the largest single-day outflow since March 11 and signaling a sharp shift in market sentiment, according to a report in CoinMarketCap.<\/p>\n
The flight to safety comes as traders grapple with escalating tensions between the US and its trade partners in response to President Trump\u2019s latest trade policies.<\/p>\n
BlackRock\u2019s IBIT, one of the leading Bitcoin ETFs, was particularly hard hit, suffering $253 million in outflows \u2013 its third-worst day since launch.<\/p>\n
The $326 million withdrawal extends a concerning negative streak for Bitcoin ETFs, which have now experienced outflows for four consecutive days.<\/p>\n
This sustained selling pressure has coincided with a drop in Bitcoin\u2019s price, which tumbled to $75,100 on Tuesday, marking its lowest point in five months.<\/p>\n
Analysts attribute these outflows to a combination of heightened risk aversion among investors and the broader market\u2019s negative reaction to Trump\u2019s sweeping tariffs.<\/p>\n
Bitcoin ETFs weren\u2019t the only assets feeling the pain. Ethereum\u2019s spot ETFs also experienced outflows on Tuesday, with $3.3 million pulled from the funds, suggesting a broader pullback from the crypto market.<\/p>\n
Fidelity\u2019s Ethereum fund saw the largest decline, contributing to Ethereum\u2019s overall struggles, and the price of Ethereum fell below $1,450.<\/p>\n
Compared to Bitcoin, ETH has been consistently losing value in the past five years. The ETH\/BTC ratio is now at its five-year low.<\/p>\n
While Ethereum\u2019s spot ETF may be hurting now, the ecosystem around ETH is showing growth.<\/p>\n
In contrast to its ETF, Ethereum\u2019s layer-2 networks, such as Arbitrum and Optimism, are showing impressive growth in activity and on-chain locked value, and its transaction fees are the lowest they have been since August 2024.<\/p>\n
As Bitcoin and Ethereum grapple with market pressures, 21Shares announced the launch of a fully backed Dogecoin exchange-traded product (ETP) on Switzerland\u2019s SIX Swiss Exchange.<\/p>\n
The Dogecoin ETP, launched in partnership with the Dogecoin Foundation, marks a notable milestone for the meme-inspired cryptocurrency, signifying growing institutional acceptance.<\/p>\n
The market is expected to remain highly volatile as the full implications of the tariff war continue to unfold.<\/p>\n
Investors are closely monitoring developments, with both Bitcoin\u2019s struggling performance and Ethereum\u2019s ETF both taking center stage in this period of immense uncertainty.<\/p>\n
The post Trump\u2019s tariffs trigger $326M Bitcoin ETF sell-off<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin ETFs experienced $326 million in outflows as Trump\u2019s tariffs took effect. BlackRock\u2019s IBIT was the hardest hit, losing $253 million. Ethereum ETFs also saw outflows, contributing to its price struggles. The cryptocurrency market felt the full force of Trump\u2019s new tariffs on Tuesday, as US spot Bitcoin exchange-traded funds (ETFs) experienced a mass exodus […]<\/p>\n","protected":false},"author":0,"featured_media":2934,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2933","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2933"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2934"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}