Bitcoin ETFs face massive $1.03 billion outflow despite Trump's tariff relief.

The global crypto market has jumped 6.7% in the last 24 hours after President Donald Trump announced a 90-day pause in tariffs.

The U.S.-China trade tensions are pushing investors to pull funds from crypto ETFs in favor of holding cash.

After President Donald Trump announced a 90-day pause in tariffs, the global crypto market has jumped 6.7% in the last 24 hours, offering a moment of respite for the battered investors. However, the crypto market is still struggling in the ETF sector as U.S. listed Bitcoin and Ethereum ETF products continue to see outflows.

Bitcoin ETFs Face Massive $1.03 Billion Outflow Despite Trump's Tariff Relief

Since March 28, Bitcoin ETFs have faced continuous outflows, with total outflows now exceeding $1.03 billion. The only break came on April 2, when an inflow of $218.1 million occurred due to optimism around Trump’s “Liberation Day” tariff announcement.

According to Farside data, Bitcoin spot ETFs recorded their fifth straight day of outflows on April 9, losing $127.2 million. Among the major sellers, BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw one of the largest sell-offs of $89.7 million, while Grayscale (GBTC) reported an outflow of $33.8 million.

The increasing outflow from ETFs has led experts to believe that ongoing U.S.-China trade tensions are pushing investors to liquidate assets, including crypto ETFs, in favor of holding cash.

Furthermore, despite the recent rally in Bitcoin’s price, which climbed above $80,000 for the first time this year, failing to provide much support for the beleaguered ETF sector.

According to Sameer Chain, Head of Digital Assets at Factor7, the sustained outflows from Bitcoin ETFs over the past month, even amid a rally in BTC price, suggest a preference for holding the underlying asset or engaging in spot trading.

While investors are pulling money from ETFs, crypto prices continue to climb. In the last 24 hours, Bitcoin’s price has surged by 7%, currently trading around $81,964. Meanwhile, Ethereum has gained 8%, hovering around $1,600.

Ethereum ETFs Also Facing Losses

Ethereum ETFs are also seeing significant losses. Since the beginning of April, nine ETH ETFs have collectively lost $73 million.

On April 9 alone, Ethereum ETFs faced $11.2 million in net outflows. Among the major sellers, Fidelity’s Ethereum ETF (FETH) led the decline, losing $5.7 million, closely followed by BlackRock’s Ethereum ETF (ETHA), which saw a $5.5 million outflow.

On the other hand, no other ETF provider has reported any inflows.