Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded a net inflow of $220.7 million on April 2, despite market concerns over President Donald Trump’s latest trade tariffs.
Trump announced a 10% baseline tariff on imports, along with reciprocal tariffs targeting several U.S. trading partners. Notably, China—the world’s second-largest economy—faced an additional 34% tariff, according to Reuters.
Bitcoin ETF Performance Breakdown
While the broader market showed bearish sentiment, key Bitcoin ETFs continued to attract investments.
- ARK & 21Shares (ARKB): $130.1 million inflow
- Fidelity’s FBTC: $118.8 million inflow
- BlackRock’s IBIT: $115.9 million outflow
According to SoSoValue, the total spot Bitcoin ETF trading volume hit $2.51 billion, bringing cumulative net inflows to $36.24 billion.
Ethereum ETFs React Bearishly
Unlike Bitcoin ETFs, spot Ethereum ETFs saw significant outflows, totaling $51.3 million on April 2.
- Grayscale’s ETHE: $31.1 million outflow
- BlackRock’s ETHA: $20.2 million outflow
This suggests that Ethereum investors may be reacting more negatively to economic uncertainty.
How Tariffs Impacted Crypto and Stocks
The global crypto market cap dropped 0.96% to $2.68 trillion, according to CoinMarketCap.
- Bitcoin (BTC): Fell slightly to $83,350, with a market cap of $1.65 trillion.
- Ethereum (ETH): Dropped 2% to $1,820 in 24 hours.
Despite the crypto dip, major U.S. stock indexes reacted positively:
- S&P 500: Up 0.67%
- Dow Jones Industrial Average: Up 0.56%
While Trump’s trade tariffs haven’t triggered a major crypto selloff, they could limit bullish momentum unless a strong catalyst drives the next Bitcoin rally.
