US Spot Bitcoin ETFs closed April with money that was flowing out when Bitcoin slid under the support level of $ 95,000, partly due to concerns about Trump’s new rates and weak US economic data.
According to Sosovalue factsThe 12 Spotbitcoin ETFs saw $ 56.23 million on 30 April and break an 8-day streak that had brought almost $ 4 billion.
The majority of the pullback came from FBTC and Ark & 21Shares from Fidelity, which lost $ 137.49 million and $ 130.79 million respectively. GBTC from Grayscale and Bitwise’s Bitb also lost $ 31.96 million and $ 23.02 million.
On the other hand, BlackRock’s IBIT, the largest BTC ETF by net assets, managed to withdraw $ 267.02 million, so some of the total losses were compensated. The other Bitcoin ETFs saw no streams that day.
The total trade volume on these funds reached $ 2.39 billion, with a total net intake since the launch of $ 39.14 billion.
Investors became cautious after Bitcoin did not exceed $ 95,000, especially after a number of disappointing US economic figures.
Firstly, the ADP report reported only 62,000 jobs in the private sector added in April, far below 108,000 expected and the weakest since July 2024.
Subsequently, the first estimate for the GDP of Q1 was negative 0.3%, with the predictions of +0.2%missing. A big reason for the GDP dip was a jump of 41% in import, because companies hurried to hit President Trump’s new rates.
At present, Trump’s tariff plans cause tickles on markets. His administration has insisted on new rates for Chinese goods and selected European products, aimed at stimulating US production, but also increasing the risk of higher costs and disruptions of the supply chain.
Many companies race to import goods before these rates come into effect, which adds extra pressure to economic data and contribute to recent import jumping.
These tariff problems are feeding in broader fears for stagflation, a mix of weak growth and stubborn inflation, so that investors are not sure when or how much the Fed can lower the rates.
As a result, riskier assets such as Tech shares were hit hard on 30 April, with the Nasdaq 2% falling and the S&P 500 slips 1.5%. Bitcoin (BTC) also fell by 2% to $ 93,438 before he recovered some soil today.
