Bitcoin ETFs Experience $127.2 Million Outflow Amid Tariff Truce and Market Volatility

On April 10th, COINOTAG reported insights from Coindesk analyst Omkar Godbole, highlighting notable outflows from cryptocurrency ETFs despite a pricing surge triggered by geopolitical developments. Specifically, Bitcoin ETFs faced a substantial net outflow of $127.2 million on Wednesday, accumulating a staggering total of $722 million in outflows over the preceding five days. Concurrently, Ethereum ETFs experienced a reduction of $11.2 million.

This decline in investor interest is attributed to the prevalent macroeconomic uncertainty stemming from ongoing US-China trade tensions and fluctuations in the bond market. Such factors have prompted macro investors to divest from various asset classes, including crypto ETFs, as they seek liquidity amidst the evolving market dynamics.