The crypto market experienced a surge of over 6.7% in the last 24 hours following President Trump’s announcement of a 90-day pause on tariffs. This temporary relief has boosted investor confidence. However, despite this positive momentum, the situation for Bitcoin and Ethereum ETFs remains uncertain as outflows continue to trend upward. 1 Billion in Outflows! Since March 28th, investors have been selling off their Bitcoin and Ethereum ETF holdings at a significant rate, with total outflows exceeding $1.03 billion. This marks a five-straight day of outflows for Bitcoin ETFs, with the largest contributor being BlackRock’s iShares Bitcoin Trust ETF (IBIT) which saw an outflow of $89.7 million. 1 Billion In Outflow! Grayscale, another major player in the space, has also seen $33.8 million in outflows. Despite this trend, some experts believe the ongoing U.S.-China trade tensions are contributing to the move away from ETFs and into holding cash. Ethereum ETFs are also facing losses, losing a collective $73 million since April started, with Fidelity’s Ethereum ETF (FETH) leading the pack with a $5.7 million outflow. The situation is particularly acute for ETH ETFs which have experienced net outflows of $11.2 million on April 9th alone. These losses come despite Bitcoin and Ethereum prices continuing their upward trajectory, surging 7% to reach $81,964 for Bitcoin and 8%, hovering around $1,600 respectively.