Bitcoin ETF Inflows Plunge as Tariff Worries Resurface

Last week saw a sharp reversal in Bitcoin’s inflows for U.S.-based Exchange Traded Funds (ETFs), with outflows totaling $157 million. This unexpected shift followed a six-week period of strong inflows exceeding $9.6 billion, but was influenced by renewed concerns over tariffs. ‍♂️ The impact of the ongoing trade tensions is evident as James Butterfill, Head of Research at CoinShares, pointed out that the reversal mirrored the New York Court’s decision to strike down U.S. tariffs on China earlier in the week.