Bitcoin and Ethereum ETFs See $222 Million Outflows Ahead of Tariff Day

On April 2, investors withdrew $222 million from US Bitcoin and Ethereum ETFs in anticipation of new tariffs announced by President Trump. Key points include:

Net outflows from Bitcoin ETFs reached $158 million on April 1, led by Fidelity's FBTC and Ark Invest's ARKB.
Ethereum ETFs experienced net outflows of $3.6 million.
BlackRock's IBIT was the only fund with minor inflows amid the overall trend.
Bitcoin's supply on exchanges has dropped to 7.53%, the lowest since February 2018, indicating a holding sentiment.
Gold prices have risen, with a Bank of America survey showing 58% of fund managers prefer gold over Bitcoin as a safe haven.

Market sentiment remains cautious as participants await potential volatility from tariff announcements.