The Bitcoin spot trading funds in the United States experienced a net outflow of $127.12 million yesterday, Wednesday, despite the market's recovery following the announcement by U.S. President Donald Trump to suspend new tariffs for 90 days.
According to data released by SoSoValue, BlackRock's IBIT fund recorded a net outflow of $89.71 million, while Grayscale's GBTC fund saw an outflow of $33.8 million.
Other exchange-traded funds from VanEck and WisdomTree also witnessed outflows, reflecting a decline in investment flows to these funds. However, there was one exception: Bitwise's BITB fund, which was the only one among the Bitcoin spot trading funds to record an inflow of $6.71 million.
It is worth noting that the negative flows on Wednesday came at a time when traditional finance and cryptocurrency markets were witnessing significant rises following Trump's announcement of a temporary suspension of new tariffs and a decision to reduce reciprocal tariffs to 10% for most countries. Tariffs on China were raised to 125%, which sparked varying effects on global markets.
These movements in Bitcoin spot trading funds show the ongoing volatility in the market, as investors are still seeking signals of stability amid geopolitical and global economic changes.
