Spot Bitcoin ETFs in the US went back into the green and saw new inflow just before the new ‘Liberation Day’ rates from Trump.
According to Sosovalue factsOn April 2, the 12 Spotbitcoin ETFs drew $ 220.76 million in net influx while he broke a 3-day losing series where more than $ 320 million had been pulled out.
Most of the inflow went in Ark 21Shares’ Arkb and Fidelity’s FBTC, which, respectively, yielded $ 130.15 million and $ 118.79 million, both of which had seen the previous day.
The mini Bitcoin Trust from Grayscale and BitWise’s BITB have also added to the profits of $ 34.28 million and $ 33.38 million in inflow. Other players such as EZBC from Franklin Templeton, Vaneck’s Hodl and Valkyrie’s BRRR saw more modest inflow of $ 10.01 million, $ 47.33 million and $ 2.69 million.
Interesting is that the IBIT of BlackRock, the largest asset manager in terms of net assets, has achieved the trend with $ 115.87 million in net repayments, the first outflow in the past three weeks.
The total trade volume on these ETFs reached $ 2.51 billion on the day, and since their launch they have brought in a total of $ 36.24 billion in net influx.
The jump in yesterday’s inflow came when Bitcoin bounced 3.6% back to around $ 87,100 after earlier in the day. The recovery seemed to coincide with Trump’s major rate announcement, some analysts believe that it could help Bitcoin in the long term.
Yet Trump’s aggressive new rates, starting with a flat 10% on all import and even higher for some important trading partners, both the crypto and traditional markets.
According to To the co-founder of Bitmex Arthur Hayes, while the rates create the markets a little, things should be in order as long as Bitcoin has more than $ 76,500 on 15 April via the American tax day. He also warned traders to stay alert and not to be “minced” by the wildlings of the market.
At the time of the press, Bitcoin (BTC) had fallen by 1.1% in the last day and the hands exchanged at $ 83.242 per coin.
