Spot Bitcoin ETFs in the U.S. have returned to positive territory, attracting new inflows just ahead of Trump’s upcoming “Liberation Day” tariffs.
As per recent data, on April 2, the 12 spot Bitcoin ETFs saw a net inflow of $220.76 million, reversing a trend of three consecutive days of losses that had totaled over $320 million in outflows.
The bulk of these inflows were directed towards ARK 21Shares’ ARKB and Fidelity’s FBTC, which garnered $130.15 million and $118.79 million, respectively, after experiencing outflows the day before.
Additionally, Grayscale’s mini Bitcoin Trust and Bitwise’s BITB contributed positively with inflows of $34.28 million and $33.38 million. Other funds, including Franklin Templeton’s EZBC, VanEck’s HODL, and Valkyrie’s BRRR, recorded more modest inflows of $10.01 million, $47.33 million, and $2.69 million.
Interestingly, BlackRock’s IBIT, the largest asset manager by net assets, diverged from the trend with $115.87 million in net redemptions, marking its first outflow in three weeks.
On that day, the total trading volume across these ETFs reached $2.51 billion, and since their inception, they have accumulated a total of $36.24 billion in net inflows.
The recent increase in inflows happened as Bitcoin rebounded by 3.6% to roughly $87,100 after an earlier dip. This recovery appeared to align with Trump’s significant tariff announcement, which some analysts believe could ultimately benefit Bitcoin.
Nonetheless, Trump’s bold new tariffs, starting at a flat 10% on all imports and even higher for certain key trading partners, stirred volatility in both the crypto and traditional markets.
According to BitMEX co-founder Arthur Hayes, while the tariffs caused some market unease, the outlook remains positive as long as Bitcoin maintains above $76,500 leading up to U.S. tax day on April 15. He cautioned traders to remain vigilant and avoid being “chopped up” by the market’s fluctuations.
As of the latest update, Bitcoin (BTC) had decreased by 1.1% over the past day, trading at $83,242 per coin.