Bitcoin, Ethereum ETF Outflows Surge ahead of Trump’s Tariff Liberation Day

Bitcoin Ethereum

Bitcoin, Ethereum ETF Outflows Surge ahead of Trumps Tariff Liberation Day

• Ethereum ETFs also saw net outflows of $3.6 million, reflecting cautious sentiment ahead of Trumps 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

ETF and US Ethereum

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.

However, on April 1, the outflows surged even further to $158 million, with FBTC and ARKB leading the charge. On the other hand, BlackRocks 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.

The Spot Bitcoin ETFs saw $157.8M outflow yesterday.

The Spot Ethereum ETFs saw $3.6M outflow.

INSTITUTIONS ARE REDUCING RISK AHEAD OF TODAYS TARIFF ANNOUNCEMENT!

— Crypto Rover (@rovercrc) April 2, 2025

Bitcoin, Ethereum ETF Investors Remain Cautious Before Trumps 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.

Market views update

Markets crawl higher if headlines remain neutral to benign this week, then freeze as we await April 2nd, which is reciprocal tariffs day announcement or, as Trump called it, Liberation Day.

April 2nd is similar to election night. It is the biggest event of…

— Alex Krüger (@krugermacro) March 23, 2025

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.

Bitcoin is crashing harder than stocks, yet people still call it “digital gold.” But if it were truly digital gold, wouldnt it act more like gold？ Instead, Bitcoin behaves like a high-risk asset—just like penny stocks. So why would…

— Peter Schiff (@PeterSchiff) April 2, 2025

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.