Analyst: Tariff-Induced Uncertainty Leads to Bitcoin and Ethereum Spot ETF Outflows

Blockbeats

04-10

BlockBeats News, April 10th: Coindesk analyst Omkar Godbole stated that despite the cryptocurrency price surge after Trump announced a 90-day tariff truce, there were still outflows from US Bitcoin and Ethereum spot ETFs on Wednesday. Bitcoin ETFs saw a combined net outflow of $127.2 million on Wednesday, with a total outflow of $722 million over the past 5 days. Ethereum ETFs saw an outflow of $11.2 million on Wednesday.

Behind the decline in investor demand is the macroeconomic uncertainty caused by the US-China trade tensions and bond market volatility, which may lead macro investors to sell off en masse all assets, including crypto ETFs, in exchange for cash.

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