Bitcoin ETFs switch to outflows as Trump’s tariffs shake markets

In the United States, the funds negotiated in Bitcoin went to outings on February 3 while Bitcoin plunged a three-week lower, because the risk of a trade war has frightened investors and caused more than 2 billion Dollars of liquidation on the market of cryptographic derivatives.

According to data From Sosovalue, the 12 ETF Bitcoin of 12 placed recorded a net output of 234.54 million dollars on Monday, February 3, ending their four -day entry sequence which attracted more than a billion dollars in the funds.

The majority of outings came from the FIDLY FBTC which saw $ 177.64 million out of the fund followed by the Arkb d’Ark and 21Shares which recorded $ 50.75 million on outings. Vaneck’s Hodl and Bitwise BITB also contributed to negative momentum with $ 8.63 million and $ 5.54 million withdrawn by investors.

The GBTC de Graycale experienced a rare influx of $ 8.02 million, its first since January 17. In particular, the days of negotiation of most of the previous ones, he recorded outings or zero flows, accumulating a net output of $ 21.88 billion since its launch because of its higher costs compared to other ETFs.

The remaining ETF Bitcoin, including the Ibit of BlackRock – the largest ETF BTC by net assets with total net inputs exceeding $ 40 billion – Zero flows were recorded for the day.

Despite significant outings, the ETF Bitcoin experienced an increase in commercial activity, the daily volume of $ 5.88 billion, compared to $ 3.45 billion the day before.

Meanwhile, the BTC ETF releases followed announcement New prices in Canada, Mexico and China during the weekend, which is expected to come into force on Tuesday. The market reaction has fueled the fears of a world trade war, leading to the global cryptography market, briefly losing more than $ 500 billion in value and attend more than $ 2 billion in liquidations on the derivative market.

After the news, Bitcoin (BTC) went from around $ 105,000 on January 31 to a three-week $ 91,441 on February 3, because the wider market of cryptography decreased by almost 10%, most major cryptocurrencies Recording losses of around 20%.

However, Crypto’s main asset managed to recover some of his losses, briefly exceeding $ 100,000 on February 4 before settling at $ 99,047 from press time. Recovery followed a agreement Between Trump and the presidents of Mexico and Canada to suspend prices for a month.

Meanwhile on Monday, Trump signed an executive decree requiring the creation of a sovereign fund over the next year. The cryptographic community speculates that the United States can use the fund to buy Bitcoin.