- Bitcoin ETFs faced a challenging start to the week with a $71 million outflow, driven by concerns over upcoming tariffs from President Trump, while Ether ETFs showed resilience with a $6.42 million inflow led by Fidelity’s FETH.
- The contrasting performances highlight investor caution toward Bitcoin and a cautious yet optimistic outlook for Ethereum amidst economic uncertainty.
The start of the week brought a challenging period for Bitcoin exchange-traded funds (ETFs) as they faced a significant $71 million outflow, extending losses from the previous Friday. In stark contrast, Ether ETFs saw a modest yet notable inflow of $6.42 million, signaling potential investor confidence in Ethereum amidst market uncertainty.
Bitcoin ETFs Continue to Decline
The recent outflows from Bitcoin ETFs were driven by economic concerns, particularly fears surrounding upcoming tariffs announced by President Trump. These tariffs, set to take effect on April 2, have raised worries about potential economic shifts, prompting caution-driven sell-offs.
Wisdomtree’s BTCW suffered the most substantial loss, experiencing a $32.55 million outflow. Ark 21shares’ ARKB followed closely, shedding $23.18 million, while Bitwise’s BITB and Valkyrie’s BRRR lost $19.87 million and $10.56 million, respectively. Although Blackrock’s IBIT managed to attract $15.09 million in inflows, it was insufficient to offset the widespread sell-off.
With total Bitcoin ETF trading volume reaching $1.60 billion, net assets dropped to $93.17 billion. The situation reflects broader market jitters as investors brace for potential economic fallout.
Ether ETFs Show Signs of Resilience
In contrast, Ether ETFs displayed resilience amid market turbulence. Fidelity’s FETH accounted for the entire $6.42 million inflow for Ether ETFs. This marks a positive turn after a challenging March, where Ether funds experienced extended outflow streaks.
Ether ETFs saw a trading volume of $205.23 million for the day, with total net assets standing at $6.28 billion. The gradual recovery in Ether ETFs suggests that some investors may be viewing Ethereum as a safer bet amid economic uncertainty.
Navigating Market Uncertainty
The contrasting performance between Bitcoin and Ether ETFs highlights investor sentiment in response to looming tariffs and economic concerns. As Bitcoin ETFs struggle to regain momentum, Ether ETFs seem poised for a cautious but steady recovery.
The coming weeks will be crucial for Bitcoin ETFs as they face macroeconomic pressures. Investors will closely watch how upcoming tariffs impact the market and whether Ether ETFs can maintain their upward trajectory despite the uncertainty.
