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Outflows from spot Bitcoin ETFs in the U.S. surged last week as investor sentiment faced pressure from escalating trade tensions linked to new tariff policies. Rising uncertainty around global trade has fueled a wave of caution among cryptocurrency investors.

Spot Bitcoin ETF Outflows Surge

Data indicates that 12 spot Bitcoin ETFs saw $713.3 million in outflows last week—an increase of over 300% compared to $172.7 million the previous week. The outflows occurred consistently every day from April 7 to April 11, extending a streak that began on April 3.

The most significant single-day drop took place on Tuesday, with $326.27 million withdrawn. By Friday, outflows had slowed, ending the week with just over $1 million leaving these funds.

Biggest Losses Among Major ETFs

BlackRock’s IBIT ETF recorded the largest outflow, losing $342.6 million. Grayscale’s GBTC followed with $160.9 million in outflows, while Fidelity’s FBTC saw $74.6 million withdrawn. Other ETFs, including BITB, BTCO, ARKB, EZBC, BTCW, and HODL, experienced outflows ranging from $11 million to $38 million.

However, one fund defied the bearish trend—Grayscale’s mini Bitcoin Trust reported $2.4 million in net inflows. Valkyrie’s BRRR ETF, meanwhile, saw no inflow or outflow activity during the week.

Ethereum ETFs Also Under Pressure

Spot Ethereum ETFs mirrored the bearish sentiment, with outflows jumping 65% to $82.47 million last week. This marked the seventh consecutive week of Ethereum ETF withdrawals, bringing total outflows to over $877 million during this period.

Market Sentiment and Trade Tensions

The primary driver behind these outflows seems to be market uncertainty surrounding new tariff policies. Initially, a 10% flat tariff on all imports was announced, with even higher rates proposed for major trading partners. This sparked concerns about a potential trade war.

On April 9, markets briefly calmed when tariff hikes were paused for 75 allied countries. However, tensions escalated again as the U.S. raised tariffs on Chinese goods to as much as 145%, citing unfair trade practices. In retaliation, China imposed tariffs of up to 125% on U.S. goods and halted exports of rare-earth minerals. These developments heightened fears of prolonged trade disputes and reduced investor confidence in riskier assets, including cryptocurrencies.

Bitcoin Price Outlook

Despite the overall market downturn, Bitcoin showed resilience, bouncing from last week’s low of $74,773 to nearly $84,500 by Monday, April 14. Analysts suggest that Bitcoin may be nearing a key breakout from its long-standing downtrend, potentially signaling the start of a new upward phase.

“Bitcoin is on the verge of breaking out of its long downtrend,” analysts note, emphasizing that the coming hours could be pivotal in determining the next price movement.

While the cryptocurrency market remains volatile, opportunities for growth and recovery persist as investors closely monitor technical indicators and global economic developments.

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