US-based Bitcoin ETFs (exchange-traded funds) are bleeding money. A trade war between the US and China is making investors nervous, and they’re pulling their money out of risky investments like crypto.
Seven Days of Red
Last week was brutal for Bitcoin ETFs. A whopping $713 million flowed out of these funds. This was the seventh day in a row of net outflows – not a good sign! One source, SoSoValue, showed a $1.03 million outflow on Friday alone.
Most big Bitcoin ETFs, like BlackRock’s IBIT (the biggest one), actually saw no change on Friday. Only a couple bucked the trend:
- ARK 21Shares Bitcoin ETF (ARKB):
Saw an inflow of $11.28 million, ending a six-day losing streak. - Bitwise Bitcoin ETF (BITB): Lost $12.31 million on Friday.
Why the Exodus?
The uncertainty caused by the US-China trade spat is a major factor. This instability isn’t just affecting Bitcoin ETFs; Ethereum ETFs also saw outflows. SoSoValue reported $29.1981 million leaving Ethereum ETFs on Friday, marking their fourth straight day of losses.
Bitcoin’s Rollercoaster Ride
Bitcoin’s price mirrored the market turmoil. It dipped to around $74,000 early last week but bounced back above $83,000 after President Trump paused some tariffs (except those on China). Positive trade news, like exemptions for tech products, helped push the price even higher. At the time of writing, Bitcoin is trading just above $85,000, up about 2% in the last 24 hours.
