Bitcoin (BTC) ETF ARKB and FBTC Register Net Inflow of $220.7M Despite Trump's New Tariffs

On Wednesday, April 2, Trump announced a 10% baseline tariff on imports and reciprocal tariffs on most of the US's trade partners.

US exchange-traded funds (ETFs) recorded a net inflow of $220.7 million on April 2, while the broader market showed bearish sentiment toward US President Donald Trump’s new set of trade tariffs.

The post US ETFs show net inflow of $220.7m as Trump tariffs bring bearish sentiment appeared first on Chain Link.

Trump announced a 10% baseline tariff on imports and reciprocal tariffs on most of the US’s trade partners on Wednesday.

The second-largest economy in the world, China, faced another 34% tariff from the US President, according to a report by Reuters.

The US president’s move came after months of warning about levying tariffs again to reduce the US trade deficit.

The new tariffs will be imposed on goods from Canada, Mexico, and the European Union, among other countries.

The tariffs will also apply to services, which could impact US financial institutions and technology firms that operate in foreign markets.

The president’s announcement brought bearish momentum to the digital asset market, with the global crypto market capitalization decreasing by 0.96% to $2.68 trillion, according to CoinMarketCap data.

Bitcoin price today slightly dipped to $83,350 with a market cap of $1.65 trillion.

On the other hand, major US stocks like the S&P 500 and Dow Jones Industrial Average gained 0.67% and 0.56%, respectively.

The post US ETFs show net inflow of $220.7m as Trump tariffs bring bearish sentiment appeared first on Chain Link.

Don't miss a beat! Follow us on Telegram and Twitter.