Outflows from spot Bitcoin ETFs in the U.S. surged last week as investor sentiment took a hit from rising trade tensions driven by President Trump’s aggressive tariff plans.
According to SoSoValue data, the 12 spot Bitcoin ETFs saw $713.3 million pulled out, over 300% more than the $172.7 million outflows from the week before.
Every single day from April 7 to 11 saw money being pulled, continuing a streak that began on April 3. The biggest drop came on Tuesday, with $326.27 million in outflows, while Friday ended the week with just over $1 million leaving.
BlackRock’s IBIT took the hardest hit with $342.6 million in outflows, followed by Grayscale’s GBTC with $160.9 million and Fidelity’s FBTC with $74.6 million per Faside data. Other ETFs, like BITB, BTCO, ARKB, EZBC, BTCW, and HODL, also saw outflows ranging from about $11 million to $38 million.
The only ETF to buck the bearish trend was Grayscale’s mini Bitcoin Trust, which recorded $2.4 million in net inflows, while Valkyrie’s BRRR saw no flows during the week.
Meanwhile, Ethereum ETFs didn’t fare much better than their Bitcoin counterparts, with outflows jumping 65% to $82.47 million last week. It’s now the seventh straight week of Ethereum ETF withdrawals, adding up to more than $877 million in total.