Bitcoin ETFs just broke their winning streak in a big way, bleeding over $900 million last week as investors got cold feet about Trump’s latest tariff announcements and mixed signals from the Federal Reserve. After four straight weeks of solid inflows that brought in nearly $4 billion, the money suddenly started flowing the other way.
Fidelity’s FBTC got hammered the worst, losing a massive $737.8 million in just one week. ARK and Bitwise weren’t far behind, watching $123 million and $92 million walk out the door respectively. Several other funds also saw redemptions, with combined outflows hitting another $127 million across Grayscale, VanEck, and Franklin Templeton’s offerings.
BlackRock’s IBIT was basically the only bright spot, managing to pull in $173.8 million while everyone else was getting crushed. Invesco added a tiny $10 million, but that was about it for the good news.
Ethereum ETFs had an even rougher week, dropping nearly $796 million and ending their own two-week inflow streak. The whole thing shows how quickly sentiment can flip when macro conditions get messy.
What spooked investors was Jerome Powell’s latest comments about rate cuts. The Fed chair sounded way more cautious than people expected, and other Fed officials started talking about being careful with future cuts. Then Trump went and slapped new tariffs on pharmaceuticals, trucks, and furniture, which immediately revived fears about another trade war.
Despite the brutal week, September’s still looking decent overall with $2.57 billion in total inflows for Bitcoin ETFs.
Conclusion
Bitcoin ETFs lost $902.5 million last week, ending four-week inflow streak as Trump tariffs and Fed rate uncertainty triggered investor caution and redemptions.
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