On Apr. 14, spot Bitcoin exchange-traded funds (ETFs) listed in the U.S. recorded a positive net flow for the first time since “Liberation Day.”
President Donald Trump refers to Apr. 2 as “Liberation Day,” when he hiked tariffs on countries as part of his tariff war before pausing them for 90 days for all except China on Apr. 9.
The tariff tensions sent the global stock and crypto markets into a shock from which they are still trying to recover.
Related: Trump Tariff Live Updates: Trump open to make a trade deal with Xi Jinping
A spot Bitcoin ETF is a financial product that gives investors exposure to Bitcoin without the need for them to directly own the cryptocurrency.
For every single trading day since Apr. 2, spot Bitcoin ETFs have seen only net outflows — not a single day of net inflow.
After witnessing an inflow of $220.76 million on Apr. 2, Bitcoin ETFs saw a net outflow worth $878 million until Apr. 11, as per SoSoValue.
On Apr. 14, Bitcoin ETFs finally saw an inflow even though the amount remained absurdly low at $1.47 million.
BlackRock’s Bitcoin ETF saw a net inflow of $36.72 million on the day, as Fidelity’s ETF saw a net negative outflow of $35.25 million. No other ETFs recorded any activity on Apr. 14.
Notably, BlackRock acquired $37 million in Bitcoin on Apr. 15. At the time of writing, the world’s largest asset manager held 571,033 BTC worth $48 billion, as per Arkham.
As far as Bitcoin is concerned, it is still to scale back to its pre-“Liberation Day” $87,000 levels. The asset was trading at $84,098.35 at press time, as per Kraken’s price feed.
