Outflows from U.S. Bitcoin ETFs surge amid trade tensions, but Bitcoin shows resilience, bouncing back to $84,500 - IcoHolder.

Outflows from spot Bitcoin exchange-traded funds (ETFs) in the United States saw a significant surge last week, following a downturn in investor sentiment driven by escalating trade tensions. These tensions stemmed from President Trump’s aggressive tariff proposals, which have rattled markets globally.

Data from SoSoValue reveals that a total of $713.3 million was pulled from the 12 spot Bitcoin ETFs, marking an increase of over 300% compared to the $172.7 million in outflows recorded the previous week. The withdrawals continued daily from April 7 to 11, reflecting a steady stream of investor pullback that began on April 3. The largest single-day drop occurred on Tuesday, with $326.27 million exiting, while Friday saw the figure drop to just over $1 million.

Among the hardest-hit funds was BlackRock’s IBIT, which saw $342.6 million in outflows, followed by Grayscale’s GBTC with $160.9 million, and Fidelity’s FBTC, which experienced a $74.6 million decrease, according to Faside data. Other Bitcoin ETFs such as BITB, BTCO, ARKB, EZBC, BTCW, and HODL also experienced varying levels of outflows, ranging from $11 million to $38 million.

However, not all ETFs followed the downward trend. Grayscale’s mini Bitcoin Trust stood out with a modest net inflow of $2.4 million, while Valkyrie’s BRRR ETF remained unchanged, with no recorded inflows or outflows during the week.

Ethereum ETFs also struggled amid the broader market downturn, experiencing a 65% increase in outflows, totaling $82.47 million for the week. This marks the seventh consecutive week of withdrawals from Ethereum ETFs, which have now lost over $877 million in total.

The main catalyst behind these outflows appears to be the uncertainty surrounding President Trump’s tariff strategy. Initially, Trump announced a 10% flat tariff on all imports beginning in April, with even steeper tariffs planned for major trading partners. While the markets briefly recovered on April 9 after Trump paused the tariff hikes for 75 allied nations, the relief was short-lived. The U.S. later imposed tariffs of up to 145% on Chinese goods, accusing China of unfair trade practices, leading to retaliatory tariffs by China and an end to the export of rare-earth minerals. These developments fueled fears of an all-out trade war, contributing to investor hesitation in riskier assets such as Bitcoin.

Despite the outflows, Bitcoin’s price has shown resilience, bouncing back from a low of $74,773 last week to nearly $84,500 by Monday, April 14. Analysts suggest that Bitcoin may be on the verge of breaking out of its prolonged downtrend, with key price movements expected to determine whether a new upward phase is imminent.