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
Forget bull or bear — Bitcoin’s in a new era, says onchain analyst James Check
Whale Sells $5.48M in TRUMP Token, Gains $483K
A crypto whale offloaded 630,339 TRUMP tokens for $5.48M, pocketing nearly $483K in profit at $8.70 per token.Whale Exits TRUMP Token with Nearly Half a Million in ProfitSmart Profit-Taking or Early Exit?Whale Moves as a Market Signal

Buy Low, Fly High: Arctic Pablo at $0.000099 Eyes $0.008 Surge, While Fwog And Pudgy Penguins Push Boundaries
Explore Arctic Pablo Coin's presale, Pudgy Penguins' gaming expansion, and Fwog's market trends. Discover the Top New Meme Coins to Invest in April 2025.Arctic Pablo Coin (APC): Staking and RewardsArctic Pablo Coin (APC): Presale Reaches Frostbite CityPudgy Penguins: Expanding into Mobile GamingFwog: Gaining Momentum in the Meme Coin MarketWrapping Up: Arctic Pablo Coin (APC) Stands OutFor More Information:

Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.

Trending news
MoreCrypto prices
More








