Bitcoin ETFs and Crypto Stocks Suffer – Is a Market Rebound Imminent?
Defying Tariff Impact: A Closer Look at Crypto Assets Posing for a Potential Rebound
Key Points
- Former President Trump’s tariff announcement led to a significant drop in U.S. crypto stocks and ETFs.
- Despite the downturn, BlackRock’s IBIT experienced net inflows, demonstrating the resilience of the crypto market.
Former President Trump’s recent tariff announcement led to a sharp decline in the crypto market on 3rd April.
This announcement escalated global trade tensions and shook investor confidence.
Impact on Crypto Stocks
Major U.S. crypto stocks, including Coinbase Global and MicroStrategy, suffered significant losses.
The mining sector was also affected, with companies like MARA Holdings, Riot Platforms, and Bitfarms experiencing declines.
The downward trend persisted, with Coinbase, MicroStrategy, and Riot reflecting the broader market unease.
Effect on Crypto ETFs
The impact of Trump’s tariff announcement also affected U.S. spot bitcoin ETFs, with significant outflows observed.
On 3rd April, these ETFs experienced a net outflow of $99.86 million, reversing the previous day’s inflow.
Grayscale’s GBTC led the outflows, followed by Bitwise BITB and Fidelity FBTC.
Despite the downturn, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, attracted $65.25 million in net inflows, demonstrating its resilience amid market volatility.
The largest cryptocurrency, Bitcoin [BTC], fell by 3.9%, and Ethereum [ETH] dropped 5.2% as investor sentiment soured.
Community Reaction
Marcin Kazmierczak, COO of blockchain firm RedStone, stated the declines highlight the increasing link between digital assets and macroeconomic policy changes.
David Hernandez from 21Shares stated that the impact on the crypto market was less severe compared to other industries.
Despite the turbulence, the crypto market is showing signs of resilience amid global economic shifts and regulatory developments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin price prepares for ‘70% to 80%’ gain as onchain metrics and spot BTC ETF inflows spike
Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators
In Brief SUI cryptocurrency shows optimism through positive technical indicators. Experts believe SUI is poised for a potential upward movement. Institutional predictions suggest significant price levels could be reached for SUI.

Massive OM Token Burn Sparks Investor Debate and Market Tension
In Brief Mullin announced a significant burn of 300 million OM tokens to reduce supply. Investor confidence is shaken as whale movements raise concerns about potential sell-offs. Market sentiment remains crucial as analysts call for additional measures for recovery.

Who is Patrice Evra, French football legend, set to speak at Token 2049 Dubai?
Trending news
MoreCrypto prices
More








