Bitcoin: Spot ETFs Suffer $713 Million Loss In Just One Week

The growing trade tensions between the United States and China have significantly impacted American spot Bitcoin ETFs. These financial products recorded a net outflow of $713 million last week, marking their seventh consecutive day of withdrawals.

A difficult week for Bitcoin ETFs

The American spot Bitcoin ETFs have faced a particularly tough period. On Friday, April 11, these funds recorded a net outflow of $1.03 million, according to SoSoValue data.

This day marks the seventh consecutive day of capital outflows, bringing the weekly total to $713 million.

Most spot Bitcoin ETFs, including BlackRock’s IBIT (the largest in terms of net assets), reported no net flows by the end of the week.

Only two funds showed significant activity on Friday: the ARK 21Shares Bitcoin ETF (ARKB) attracted $11.28 million, ending six days of outflows, while the Bitwise Bitcoin ETF (BITB) lost $12.31 million.

These figures are indicative of a declining interest among American investors in financial products related to cryptocurrencies in an uncertain economic context.

Trade tensions impact the entire crypto market

The disappointing performance of spot Bitcoin ETFs is largely explained by the escalation of trade tensions between the United States and China. This instability pushes investors to move away from assets considered risky, including cryptocurrencies.

The impact is also felt on other American crypto products. Ether spot ETFs recorded a total net outflow of $29.2 million on Friday, marking their fourth consecutive day of withdrawals.

The price of Bitcoin also suffered, dropping to around $74,000 at the beginning of last week. However, the crypto rebounded above $83,000 after President Trump suspended tariffs on imports from all countries except China.

Bitcoin has particularly reacted well to the exemption granted to computers, smartphones, and electronic chips from the new tariffs.

At the time of writing, Bitcoin is trading slightly above $84,500, showing an increase of nearly 10% in a week, which indicates a certain resilience despite the tense economic context.