Bitcoin ETF Outflows Continue Even as Global Markets Rebound on Tariff Pause
Bitcoin ETF Outflows are dominating headlines once again, with the trend extending despite a broad global market rally fueled by President Trump’s decision to pause new trade tariffs. On April 9, U.S. spot Bitcoin ETFs recorded a staggering $127.12 million in net outflows, even as the Nasdaq saw its best day since 2001.
This divergence between traditional markets and crypto investment vehicles highlights the unique behavior and evolving maturity of institutional crypto assets.
Leading the departure was BlackRock’s IBIT, which lost $89.71 million; Grayscale’s GBTC followed with a $33.8 million loss. Smaller ETFs, including those from WisdomTree and VanEck, were not spared either. On the other hand, Bitwise’s BITB was the sole fund to defy the trend with a $6.71 million inflow.
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Ethereum ETFs have difficulties as well. Combined redemptions for Fidelity’s FETH and iShares’ ETHA exceeded $11 million.
Now five days long, this ongoing outflow wave follows prior losses between March 31 and April 4, when Bitcoin ETFs saw around $173 million depart the market. With a brief $220.76 million inflow, April 2 was the lone bright spot.
From a macro perspective, President Trump’s 90-day tariff halt set off a worldwide stock surge. Asian markets surged, with Japan’s Nikkei up 8.68%. European and U.S. indexes shot up; crypto-linked stocks such as Coinbase (+16.91%) and MicroStrategy (+24.76%) had significant increases.
Strangely, Bitcoin ETF outflows persisted anyhow. Post-announcement, Bitcoin momentarily recovered 5.6% to $81,636; Ethereum shot up 8.45%.
Rising 6.51% over 24 hours, the worldwide crypto market cap reached $2.58 trillion, indicating fresh interest from investors. Still, ETF outflows indicate caution—maybe from institutional investors concerned about short-term volatility.
Although the 90-day break provides some comfort, the international tariff situation is still unknown. Especially with regard to ETFs, crypto is still a volatile, independent market that doesn’t necessarily follow Wall Street’s lead.
