US Bitcoin exchange-traded funds (ETFs) saw a fourth consecutive day of outflows, with a total of $1.4 billion being withdrawn from the financial products. According to data from SoSoValue, $196.18 million was withdrawn from all Bitcoin-tracking funds on Tuesday.
This figure is down from previous days, with outflows of $333.19 million on Monday and $812.25 million on Friday, the second highest outflows since the products were launched in January 2024. The price of Bitcoin is currently around $114,000, down 2.8% over the past week.
Unlike Bitcoin, Ethereum ETFs saw $73.3 million in inflows on Tuesday, snapping a two-day streak of outflows. The funds had previously seen 20 consecutive days of inflows, which was accompanied by a significant rise in the price of Ethereum.
Donald Trump’s renewed tariff threats against India and its pharmaceutical and semiconductor imports have raised the possibility of a trade war and prompted institutional investors to flee riskier assets. Bloomberg’s Eric Balchunas believes that ETFs have reduced Bitcoin’s volatility.
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