Bitcoin ETF outflows surged over 300% as US-China trade war concerns escalated

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.

The main driver behind all this seems to be the uncertainty around Trump’s new tariff plans.