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

BlockBeats News, April 10th: Coindesk analyst Omkar Godbole stated that despite the surge in cryptocurrency prices after Trump announced a 90-day tariff suspension, both the Bitcoin and Ethereum spot ETFs in the U.S. saw outflows on Wednesday. The Bitcoin ETF saw a total net outflow of $127.2 million on Wednesday, with a cumulative outflow of $722 million over the past 5 days. The Ethereum ETF saw an outflow of $11.2 million on Wednesday.

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