US Bitcoin ETFs lose $1.14B in two weeks amid US-China trade tensions
US Bitcoin ETFs experienced a significant outflow of $1.14 billion over two weeks, marking their largest withdrawals since launch. Trade tensions between the US and China, alongside monetary policy concerns, heavily impacted investor sentiment. The outflows recorded surpassed the previous significant period in June 2024, when $1.12 billion was withdrawn. Marcin Kazmierczak, COO of RedStone, noted that ETF flows reflect Bitcoin sentiment but suggested focusing on longer-term data for better insights. The sell-off is attributed partly to new import tariffs announced amidst ongoing trade negotiations between US President Donald Trump and Chinese President Xi Jinping. Although current outflows have raised concerns, Kazmierczak emphasized that major investors remain committed, with substantial Bitcoin positions maintained through ETFs despite the short-term pressure.
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