• It looks like Bitcoin and Ethereum ETFs are seeing significant money flowing out, possibly due to the uncertainty around Trump’s upcoming tariff announcements.
• Interestingly, the Bitwise Bitcoin ETF is bucking the trend, actually seeing money come in while others are experiencing withdrawals.
• Ethereum ETFs are mostly seeing small outflows, but the 21Shares Core Ethereum ETF is a little different – it actually managed to gain a bit.

It appears U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are having a bit of a tough time, and it’s all happening as President Donald Trump gets ready to announce his “Liberation Day” tariffs. Remember when Trump’s administration used to boost crypto markets, even pushing Bitcoin way past $100,000? Well, it seems his sway in the crypto world might be fading, as these ETFs are seeing more and more money pulled out.

Bitcoin ETFs Feeling the Outflow Pressure

Bitcoin ETFs are definitely under pressure, with a significant $157.64 million flowing out on April 1st, 2025. This is now the third day in a row of withdrawals, after just a short break. But there’s a silver lining: the Bitwise Bitcoin ETF (BITB) is still looking good. It managed to pull in $24.53 million in net inflows, bringing its total cumulative inflows to a solid $2.02 billion. This puts their total net assets at $3.26 billion, making it the fourth largest in its category.

It’s not all rosy for everyone; some Bitcoin ETFs are really feeling the heat. The ARK 21Shares Bitcoin ETF (ARKB) took the biggest hit, with $87.37 million in net outflows. Even with that, they are still holding strong with $3.95 billion in assets. The Fidelity Wise Origin Bitcoin Trust (FBTC) also saw a big chunk of money leave – $85.35 million in outflows – which actually doubled their cumulative flows to $11.38 billion and pushed their net assets to a healthy $16.42 billion.

Even the giant Grayscale Bitcoin Trust felt the pinch with $10.07 million in withdrawals. Overall, a massive $22.54 billion has flowed out of GBTC in total, bringing its net asset value down to $16.42 billion. The WisdomTree Bitcoin Trust (BTCW) also saw assets drop by $6.76 million, leaving them with $149.65 million in net assets.

Ethereum ETFs Following a Similar Path

Ethereum ETFs aren’t escaping the trend either. On April 1st, they collectively saw $3.58 million in net outflows. However, just like with Bitcoin, there’s an exception: the 21Shares Core Ethereum ETF (CETH) stood out with a small positive note, bringing in $1.72 million. CETH has now built up $13.33 million in cumulative net inflows and has $10.49 million in net assets overall.

The Bitwise Ethereum ETF (ETHW) experienced $2.6 million in outflows, which lowered its cumulative net inflows to $317.67 million. Their current net assets are at $178.75 million. Grayscale’s Ethereum Mini Trust also saw a similar $2.6 million outflow, with total net inflows ending up at $567.88 million and total assets at $869.31 million.

Looking at these recent shifts, it seems like Bitcoin and Ethereum ETFs might be in for a bumpy ride, especially with those tariff announcements from the Trump administration creating a lot of uncertainty in the market.