Investors withdrew $326 million from Bitcoin ETFs on April 9, 2025, as tensions escalated due to new tariffs imposed by President Trump. This represented the largest single-day pullback for spot Bitcoin ETFs since the $371 million outflow on March 11. The most affected, BlackRock's Bitcoin ETF, lost $253 million, marking its third worst day since its launch. This trend reflects a broader institutional strategy of de-risking amid fears of escalating trade conflicts, particularly following the announcement of reciprocal tariffs that will impact over 180 countries. The situation worsened for crypto assets as Bitcoin's price fell to around $75,100, nearing a five-month low, and Ethereum saw a 3.3% drop following $3.3 million in outflows. Analysts noted a shift to a defensive stance among investors marked by declining trading volumes. The ongoing geopolitical tensions are expected to continue influencing market performance and investor behavior in the coming days.

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