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Data from Farside Investors shows Bitcoin ETFs recorded two straight days of net outflows. On Monday, funds from Bitwise (BITB), Ark Invest (ARKB), and WisdomTree (BTCW) lost a combined $60.6 million. Only BlackRock’s IBIT saw positive inflows. By Tuesday, outflows surged to nearly $158 million, with Bitwise and Ark Invest leading the drop.
Ethereum ETFs also took a hit, losing $3.6 million. This cautious sentiment reflects investor uncertainty as they await former President Trump’s Liberation Day speech on April 2. The announcement is expected to include major tariff policies, potentially sparking global trade tensions.
Investors remember the impact of past tariff decisions on Bitcoin and are bracing for market volatility. Some analysts warn of stock and crypto price drops of up to 15% if broad tariffs are imposed.
While crypto markets remain cautious, gold is gaining traction. A Bank of America survey found 58% of fund managers see gold as a safer bet in a trade war, compared to just 3% choosing Bitcoin. Bitcoin’s volatility and limited liquidity in crises remain concerns for institutional investors.
Despite short-term uncertainty, Bitcoin’s long-term outlook remains strong. Exchange supply has dropped to 7.53%, the lowest since February 2018, signaling that long-term holders are not looking to sell anytime soon.
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