Key Notes

• Ethereum ETFs also saw net outflows of $3.6 million, reflecting cautious sentiment ahead of Trump’s tariff announcement.
• With President Trump set to unveil sweeping tariffs on April 2, traders remain uncertain about their impact on global markets and crypto.
• Amid macroeconomic uncertainty, gold continues to hit fresh highs, with 58% of fund managers favoring it over Bitcoin.

The Trump’ tariff Liberation Day on April 2 is here, and investors are making cautious moves, pulling out a total of $222 million from US Bitcoin

BTC
$84 681

24h volatility:
0.7%

Market cap:
$1.68 T

Vol. 24h:
$27.98 B

ETF and US Ethereum

ETH
$1 867

24h volatility:
0.1%

Market cap:
$225.56 B

Vol. 24h:
$15.08 B

ETF in the first two days of this week.

After some inflows over the past week, US Bitcoin ETF flows have turned net negative once again, with Fidelity’s FBTC leading the outflows. Bitwise (BITB), Ark Invest (ARKB), and WisdomTree (BTCW) led $60.6 million outflows on March 31, while BlackRock’s IBIT was the only fund to record positive inflows.

Related article: Bitcoin (BTC) Price Eyes Weakest Q1 amid Trump Tariff Fears Before Liberation Day

However, on April 1, the outflows surged even further to $158 million, with FBTC and ARKB leading the charge. On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) has been trying to hold the line with zero of just minor inflows. Similarly, Ethereum ETFs saw net outflows of $3.6 million, according to Farside data, indicating cautious sentiment among institutional investors.

Bitcoin, Ethereum ETF Investors Remain Cautious Before Trump’s Liberation Day

Ahead of the Trump Liberation Day announcement on April 2, traders are taking a cautious “wait-and-see” approach. US President Donald Trump has already hinted at his intentions to unveil sweeping new tariffs. As a result, market participants are bracing for the volatility ahead as the global tariff war kicks in.

Currently, investors are quite unsure of their broader impact on the economy and crypto markets.

Despite Bitcoin’s struggle to attract institutional safe-haven flows, its long-term outlook remains strong. This is evident as Bitcoin’s supply on exchanges has fallen to 7.53%, the lowest level since February 2018, signaling increased holding sentiment among investors.

Gold Becomes the Ultimate Winner

While Bitcoin seeing strong selling pressure, Gold price has continued to hit fresh highs amid the ongoing macro uncertainty.

A Bank of America survey revealed that 58% of fund managers favor gold as a safe-haven asset amid trade war concerns, while just 3% support Bitcoin.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Author
Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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