Bitcoin ETFs post $172m in weekly outflows amid market bloodbath

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Spot Bitcoin exchange-traded funds in the U.S. recorded a negative week once again amid escalating trade tensions following President Trump’s announcement of new tariffs, dubbed ‘Liberation Day’ duties.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The 12 spot Bitcoin ETFs reported $172.89 million in net outflows over the past week, snapping a two-week inflow streak that drew in nearly $941 million into the funds. Notably, these ETFs experienced outflows on four of the five days between March 31 and April 4.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Monday saw $71.07 million in outflows, followed by $157.64 million on Tuesday, $99.86 million on Thursday, and $64.88 million on Friday. The only positive day was Wednesday, with $220.76 million in inflows. The majority of outflows came from Grayscale GBTC, which lost $95.5 million over last week, followed by WisdomTree’s BTCW with $44.6 million per Faside data.