Bitcoin exchange-traded funds (ETFs) faced substantial outflows on Thursday, totaling $99.86 million, as the stock market reacted negatively to President Trump’s tariff announcement. Grayscale’s GBTC was hit hardest, with investors withdrawing $60.2 million, followed by Bitwise BITB ($44.19 million) and Fidelity FBTC ($23.27 million). Other ETFs like Ark’s ARKB, VanEck’s HODL, and WisdomTree’s BTCW also witnessed significant outflows. Conversely, BlackRock’s IBIT, the largest Bitcoin ETF, was the sole one to experience inflows, accumulating $65.25 million in new assets. This shows investor confidence in Bitcoin despite the market turmoil. Notably, Thursday’s outflows flipped previous day’s $220.76 million inflow, highlighting a sharp shift in investor sentiment.