Spot Bitcoin ETFs Surge Back to Green Amid Trump's Tariff Turmoil

ETFs Snap Losing Streak with $220M Inflow

Just when you thought the U.S. spot Bitcoin ETFs were down for the count, they roared back to life, pulling in a whopping $220.76 million in fresh inflows on April 2. This comeback kid move snapped a brutal 3-day losing streak that saw over $320 million bleed out.

ARK and Fidelity Lead the Charge

The heroes of the day? ARK 21Shares' ARKB and Fidelity's FBTC, which gobbled up $130.15 million and $118.79 million respectively. These bad boys had been licking their wounds from outflows the day before, but they came back swinging!

Grayscale and Bitwise Join the Party

Not to be left out, Grayscale's mini Bitcoin Trust and Bitwise's BITB also got in on the action, adding $34.28 million and $33.38 million to the party. Other players like Franklin Templeton's EZBC, VanEck's HODL, and Valkyrie's BRRR brought in more modest sums of $10.01 million, $47.33 million, and $2.69 million.

BlackRock's IBIT: The Odd One Out

But wait, there's a twist! BlackRock's IBIT, the heavyweight champ in terms of net assets, decided to go against the grain with $115.87 million in net redemptions. It's their first outflow in three weeks, and it's got everyone scratching their heads.

Trading Volume and Total Inflows

The total trading volume across these ETFs hit a mind-blowing $2.51 billion on the day. Since their launch, they've raked in a staggering $36.24 billion in net inflows. That's some serious cash!

Bitcoin's Rollercoaster Ride

Yesterday's ETF inflow surge came as Bitcoin itself staged a comeback, bouncing back 3.6% to around $87,100 after taking a dip earlier in the day. And guess what? This recovery seemed to sync up with Trump's bombshell tariff announcement. Some analysts think these tariffs might actually be a long-term boost for Bitcoin.

Trump's Tariffs Shake Up Markets

But let's not sugarcoat it - Trump's aggressive new tariffs, starting with a flat 10% on all imports and even higher for some key trading partners, sent shockwaves through both the crypto and traditional markets. It's like a financial earthquake!

Arthur Hayes' Take: Stay Alert

BitMEX co-founder Arthur Hayes isn't too worried, though. He says as long as Bitcoin holds above $76,500 through U.S. tax day on April 15, we should be golden. But he's got a warning for traders: stay sharp and don't get "chopped up" by the market's wild swings. It's a jungle out there!

Bitcoin's Current Price

At press time, Bitcoin (BTC) was down 1.1% over the past day, trading hands at $83,242 per coin. It's been a wild ride, but hey, that's crypto for you!