The global crypto market just got a much-needed boost—up 6.7% in the last 24 hours—after President Donald Trump announced a surprise 90-day pause on tariffs. The move has given investors a moment to breathe, especially after weeks of market tension.
But while prices are climbing, not everything is looking up. Behind the scenes, crypto ETFs are quietly bleeding billions.
So, what’s really going on—and why are investors still pulling out even as the market rallies? Let’s break it down.
Since March 28, Bitcoin ETFs have been facing continuous outflows. The total outflow now stands at over $1.03 billion. The only break in this trend came on April 2, when an inflow of $218.1 million came in, driven by optimism around Trump’s “Liberation Day” tariff announcement.
According to data from Farside, Bitcoin spot ETFs recorded their fifth straight day of outflows on April 9, losing $127.2 million. BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw the largest single-day outflow at $89.7 million, followed by Grayscale’s GBTC with $33.8 million.
Experts believe these outflows are being driven by growing U.S.-China trade tensions, which are pushing investors to liquidate assets, including crypto ETFs, in favor of holding more cash.
Ethereum ETFs are facing similar challenges. Since the start of April, nine ETH ETFs have seen combined outflows of $73 million.
On April 9 alone, Ethereum ETFs recorded net outflows of $11.2 million. Fidelity’s Ethereum ETF (FETH) led the losses with $5.7 million in outflows, followed closely by BlackRock’s ETHA with $5.5 million. So far, no other ETF provider has reported any inflows.
Despite the outflows from ETF products, crypto prices continue to climb. In the past 24 hours, Bitcoin has risen by 7%, now trading around $81,964. Ethereum has also gained 8%, hovering near $1,600.
This contrast between ETF outflows and rising crypto prices shows how investor behavior is being shaped by both global economic uncertainty and confidence in the long-term value of digital assets.
Yes, Trump’s 90-day tariff pause helped crypto rise 6.7%, giving short-term relief to markets and boosting prices.
BlackRock’s iShares Bitcoin Trust (IBIT) led with $89.7M in outflows, followed by Grayscale’s GBTC at $33.8M.
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