Following President Trump’s decision to pause new tariffs on countries outside China for 90 days, markets experienced a substantial rally. However, significant outflows were recorded from spot Bitcoin ETFs, totaling $127.12 million Wednesday alone. BlackRock’s IBIT fund led the outflows, with a net withdrawal of $89.71 million, while Grayscale’s GBTC fund experienced withdrawals of $33.8 million. Other funds from VanEck and WisdomTree also faced similar levels of outflows. Despite these outflows, Bitcoin climbed 7.16% to reach $82,115 during the rally. This upward trajectory is notable despite continued caution among investors towards the ETF market. While some funds like Bitwise’s BITB saw an inflow of $6.71 million, indicating a cautious investor stance, the overall effect of these withdrawals on Bitcoin remains significant.