Key Insights:
U.S. Bitcoin exchange-traded funds (ETFs) experienced significant outflows amounting to $127 million in a single day, contributing to nearly $800 million in total withdrawals over five days.
While Bitcoin ETFs faced declines, global equities surged, particularly in Asian and European markets. However, analysts warn that this positive trend may be fleeting, considering the escalating trade tensions between the U.S. and China.
On April 9, Bitcoin ETFs in the United States recorded $127.12 million in net outflows, despite President Trump announcing a pause on new tariffs for 90 days.
Trump’s decision to freeze tariff increases provided a boost to U.S. stock markets, with the Nasdaq soaring to its largest gain since January 2001.
Nonetheless, this stock market rally did little to mitigate the ongoing decline in Bitcoin ETFs, highlighting a stark contrast in market sentiments.
Bitcoin ETF Outflows Continue Their Downward Trend
According to data from SoSoValue, BlackRock’s IBIT experienced the steepest losses, with net outflows totaling $89.71 million. Grayscale’s GBTC followed closely, suffering a loss of $33.8 million.
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-04-09TOTAL NET FLOW: -127.2IBIT: -89.7FBTC: 0BITB: 6.7ARKB: 0BTCO: 0EZBC: 0BRRR: 0HODL: -4.7BTCW: -5.7GBTC: -33.8BTC: 0For all the data & disclaimers visit:https://t.co/Wg6Qpn0Pqw
— Farside Investors (@FarsideUK) April 10, 2025
Other smaller ETFs also faced challenges, with WisdomTree’s fund reporting a loss of $5.7 million and VanEck’s HODL experiencing $4.7 million in redemptions. Notably, Bitwise’s BITB was the only Bitcoin ETF to perform positively, gaining $6.71 million during this timeframe. Ethereum ETFs similarly saw losses, albeit on a reduced scale compared to their Bitcoin counterparts.
From the 10 Ethereum funds monitored, iShares’ ETHA and Fidelity’s FETH faced redemptions of $5.5 million and $5.7 million, respectively, while the remainder showed no recorded activity. These setbacks followed a recent sell-off that occurred from March 31 to April 4, where Bitcoin ETFs saw a total of $172.89 million in net outflows.
The downward trend began with outflows of $71.07 million on March 31, escalating to $157.64 million on April 1. The outflows continued on April 3 and 4, with losses of $99.86 million and $64.88 million reported on those days. There was a brief recovery on April 2 when an unexpected inflow of $220.76 million rekindled investor optimism.
These latest outflows represent a stark reversal from the prior two-week period, which saw inflows nearing $941 million.
Global Stock Markets Rally Amid Tariff Developments
On April 9, President Trump took to Truth Social to introduce a 125% tariff increase on Chinese imports while delaying tariffs for all other countries by 90 days.
This surprise announcement provided immediate relief to financial markets previously impacted by trade frictions, resulting in a significant global market reaction.
European indices, which were closed at the time of the announcement, surged the following day. London’s FTSE 100 rose by 6.2%, while Germany’s DAX climbed by 7.8%. France’s CAC 40 and Spain’s IBEX 35 also posted gains of 6.4% and 7.2%, respectively.
BREAKING:*EUROPEAN STOCKS SOAR AFTER TRUMP’S 90-DAY TARIFF PAUSE; GERMANY’S DAX JUMPS ALMOST 6%
pic.twitter.com/u608dVorBN
— Investing.com (@Investingcom) April 10, 2025
Asian markets responded positively as well. Japan’s Nikkei 225 surged 8.68%, while South Korea’s Kospi climbed 6.07%. Hong Kong’s Hang Seng index also saw a gain of 3.13%.
U.S. markets followed suit, with the Dow Jones Industrial Average soaring by 7.87%, the S&P 500 jumping 9.52%, and the Nasdaq experiencing its largest one-day surge of 12.16% since January 2001.
Cryptocurrency-related stocks similarly capitalized on the market upswing, with Coinbase rising 16.91%, and Strategy (formerly known as MicroStrategy) closing up by 24.76%.
GENIUS, WATCH AND LEARNI hope people are learning from President Trump. Genius. Communist China is isolated. Most of the rest of the world seeks trade and tariff deals. The stock market shot back up. Incredible.
— Mark R. Levin (@marklevinshow) April 9, 2025
Trump’s decision to delay tariffs came just a day after steep duties were implemented for nearly all of America’s trading partners. The rapid shift caused significant market volatility, erasing trillions of dollars from global equities. The tariff pause appeared to calm investor fears and restore some level of confidence, albeit momentarily.
Crypto Market Shows Signs of Recovery
In the wake of Trump’s announcement, Bitcoin rebounded sharply, with its price increasing by 5.6% to reach $81,636 within an hour. Ethereum also rose by 8.45%, hitting $1,585.
Other cryptocurrencies followed suit, with Solana climbing by 8.41%, Dogecoin increasing by 6.89%, and XRP rising by 10.26%. Gains were also recorded for Cardano, Tron, Chainlink, and Avalanche, which posted upticks of 9.60%, 5.58%, 9.33%, and 11.08%, respectively, within a 24-hour period.
As of now, the global cryptocurrency market cap stands at $2.58 trillion, reflecting an increase of 6.51% in the last day, with trading volumes also up by 13.50%, indicating renewed investor participation.
While Trump’s temporary tariff delay offers a brief respite, the future of trade tariffs, particularly for other nations facing rates above 10% once the pause concludes, remains uncertain.
The article “Bitcoin ETFs Record $127 Million in Outflows after Trump’s Tariff Pause” can be found on Cryptonews.
