Single-day U.S. Bitcoin ETF outflows reached $127M, totaling nearly 800 million in five days.
While ETFs declined, global stocks jumped, including Asia and Europe shares.
This positive market impact may be short-lived, as global economies expect China and U.S. trade wars to escalate.
On April 9, U.S. spot Bitcoin ETFs saw $127.12 million in net outflows despite President Trump’s announcement of a 90-day pause on new tariffs.
Trump’s decision to delay trade tariffs propelled U.S. stocks upward, with the Nasdaq recording its best day since January 2001.
However, while the stock market surged, the pause failed to reverse the ongoing decline in Bitcoin ETFs, showcasing a contrast in market reactions.
Bitcoin ETF Outflow Streak Extends to Five Days
According to SoSoValue data, BlackRock’s IBIT suffered the hardest hit, seeing $89.71 million in net outflows. Grayscale’s GBTC followed, losing $33.8 million.
Smaller ETFs also struggled, with WisdomTree’s fund losing $5.7 million, while VanEck’s HODL recorded $4.7 million in redemptions.
Bitwise’s BITB stood alone as the only Bitcoin ETF to record gains, attracting $6.71 million during the same period. Meanwhile, Ethereum ETFs also suffered losses, although on a smaller scale compared to Bitcoin ETFs.
Among the 10 Ethereum funds tracked, iShares’ ETHA and Fidelity’s FETH experienced redemptions of $5.5 million and $5.7 million, respectively.
The trend began on March 31, with $71.07 million leaving the market. April 1 saw a spike in redemptions, jumping to $157.64 million.
The outflows persisted into April 3 and 4, with $99.86 million and $64.88 million lost on those days. Only April 2 showed signs of strength when a sudden inflow of $220.76 million briefly lifted investor confidence.
These latest outflows mark a sharp reversal from the previous two-week streak of inflows that had brought in close to $941 million.
This unexpected pause provided immediate relief to financial markets battered by recent trade tensions.Stocks across the globe responded with enthusiasm.
European indices, which were closed when the announcement was made, rallied sharply the next day.
London’s FTSE 100 jumped 6.2%, while Germany’s DAX soared 7.8%. France’s CAC 40 and Spain’s IBEX 35 climbed 6.4% and 7.2%, respectively.
BREAKING:
*EUROPEAN STOCKS SOAR AFTER TRUMP’S 90-DAY TARIFF PAUSE; GERMANY’S DAX JUMPS ALMOST 6%
Asian markets were already open and surged immediately. Japan’s Nikkei 225 jumped 8.68%, South Korea’s Kospi rose 6.07%, and Hong Kong’s Hang Seng gained 3.13%.
Crypto-linked stocks also benefited. Coinbase rose 16.91%, and Strategy (formerly known as MicroStrategy) closed with a 24.76% gain.
GENIUS, WATCH AND LEARN
I hope people are learning from President Trump. Genius. Communist China is isolated. Most of the rest of the world seeks trade and tariff deals. The stock market shot back up. Incredible.
Cardano, Tron, Chainlink, and Avalanche posted gains of 9.60%, 5.58%, 9.33%, and 11.08%, respectively, in the past 24 hours.
At press time, the global crypto market cap stands at $2.58 trillion, marking a 6.51% increase over the last day. Trading volume has also increased by 13.50%, suggesting renewed investor activity.
While Trump’s 90-day delay offers temporary relief, whether other countries will face trade tariffs higher than 10% once the pause ends is unknown.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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