Bitcoin Ethereum ETFs See Big Withdrawals Gold Shines as Safe Bet
U.S. Bitcoin and Ethereum ETFs saw massive withdrawals of $222 million in the first two days of this week. Fidelity’s FBTC ETF recorded the highest Bitcoin sell-off, while BlackRock’s IBIT was the only fund to see inflows.
Ethereum ETFs Also Hit by Outflows
Ethereum ETFs faced $3.6 million in outflows, indicating investor caution ahead of Trump’s “Tariff Liberation Day” (April 2). Concerns are growing that new tariffs could trigger market turbulence.
Gold Emerges as Safe Haven
While Bitcoin struggles, gold prices continue hitting record highs. A recent survey shows 58% of fund managers now prefer gold over Bitcoin as a hedge.
Bitcoin Holders Stay Put
Bitcoin supply on exchanges has dropped to 7.53%, the lowest since February 2018, suggesting long-term holders are refusing to sell despite market jitters.
Markets Await Trump’s Decision
Investors remain in “wait-and-watch” mode ahead of Trump’s April 2 tariff announcement. If new tariffs are imposed, crypto and global markets could see sharp volatility.
