On March 3rd, exchange-traded funds (ETFs) for Bitcoin in the US faced capital outflow again due to price decrease and risk aversion stemming from trade tensions and uncertainties regarding the Digital Currency Group’s strategic reserve fund. According to SoSoValue data, on Tuesday, twelve Bitcoin cash ETFs had a capital outflow of $74.19 million. The BlackRock IBIT fund led with $77.97 million outflow. The Grayscale GBTC fund also had an outflow of $54.39 million. However, the ARK Innovation ETF managed to have an inflow of $58.18 million. Ethereum ETFs also experienced capital outflow for the eighth consecutive day. This negative trend intensified with Trump’s announcement of new tariffs and concerns about the Digital Currency Group’s strategic reserve plan, leading to a decrease in Bitcoin and Ethereum prices in response to this news.
