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Spot Bitcoin ETFs experienced massive outflows totaling over $450 million as investors reacted to escalating US-China trade tensions. BlackRock’s IBIT led the withdrawals, while broader financial markets also faced steep declines.
- BlackRock’s IBIT saw the largest outflows ($252.9M on April 8, $89.7M on April 9).
- US-China tariff hikes (104% by US, 34% by China) triggered market-wide risk-off sentiment.
- Bitcoin’s drawdown hit 27%, approaching FTX collapse levels, as equities also plunged.
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