Outflows from spot Bitcoin ETFs in the U.S. surged last week as investor sentiment took a hit from rising trade tensions driven by President Trump’s aggressive tariff plans. According to SoSoValue data , the 12 spot Bitcoin ETFs saw $713.3 million pulled out, over 300% more than the $172.7 million outflows from the week before. Every single day from April 7 to 11 saw money being pulled, continuing a streak that began on April 3. The biggest drop came on Tuesday, with $326.27 million in outflows, while Friday ended the week with just over $1 million leaving. BlackRock’s IBIT took the hardest hit with $342.6 million in outflows, followed by Grayscale’s GBTC with $160.9 million and Fidelity’s FBTC with $74.6 million per Faside data . Other ETFs, like BITB, BTCO, ARKB, EZBC, BTCW, and HODL, also saw outflows ranging from about $11 million to $38 million. The only ETF to buck the bearish trend was Grayscale’s mini Bitcoin Trust, which recorded $2.4 million in net inflows, while Valkyrie’s BRRR saw no flows during the week. Meanwhile, Ethereum ETFs didn’t fare much better than their Bitcoin counterparts, with outflows jumping 65% to $82.47 million last week. It’s now the seventh straight week of Ethereum ETF withdrawals, adding up to more than $877 million in total. You might also like: Bitcoin nears breakout confirmation, enters new technical uptrend: analysts The main driver behind all this seems to be the uncertainty around Trump’s new tariff plans. He originally announced a 10% flat tariff on all imports starting in April, with even higher rates for major trading partners. Markets cooled off a bit on April 9, when he paused the tariff hikes for 75 allied countries. That relief didn’t last long . The U.S. then raised some tariffs on Chinese goods to as high as 145%, accusing China of unfair trade. In response, China hit back with tariffs of up to 125% on U.S. goods and stopped exporting rare-earth minerals. This ramped up fears of a full-blown trade war and made investors nervous about riskier assets like Bitcoin. At the time of writing, the overall crypto market was down around 2.1% in the past day. Despite this, Bitcoin has bounced from last week’s low of $74,773 to nearly $84,500 by Monday, April 14. According to some analysts , Bitcoin ( BTC ) is on the verge of breaking out of its long downtrend. They note that the price is just hours away from making the first key move that could kick off a new uptrend phase. Read more: Bitcoin may soon rally as perpetual-spot gap narrows: CryptoQuant
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