{"id":126782,"date":"2025-04-09T09:15:27","date_gmt":"2025-04-09T09:15:27","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126782"},"modified":"2025-04-09T09:15:27","modified_gmt":"2025-04-09T09:15:27","slug":"bitcoin-etfs-lose-326m-amid-evolving-dynamic-with-tradfi-markets","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126782","title":{"rendered":"Bitcoin ETFs lose $326M amid \u2018evolving\u2019 dynamic with TradFi markets"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe evolving relationship between Bitcoin and traditional financial markets is under renewed pressure as global investors flee risk assets amid intensifying US trade tensions.<br \/>\nUS-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded their fourth consecutive day of outflows on April 8, with more than $326 million in net redemptions across products, according to data from Farside Investors.<br \/>\nBlackRock\u2019s iShares Bitcoin Trust ETF (IBIT) saw the largest sell-off of over $252 million, its biggest daily outflow since Feb. 26.<br \/>\nBitcoin ETF flows, US dollars, millions. Source: Farside InvestorsThe selling pressure follows US President Donald Trump\u2019s April 2 announcement of sweeping reciprocal import tariffs, which triggered a historic $5 trillion wipeout in the S&amp;P 500 over two days.<br \/>\nRelated: Bitcoin may rival gold as inflation hedge over next decade \u2014 Adam Back<br \/>\nThe delayed crypto market turbulence after the tariff-related sell-off in traditional markets highlights Bitcoin\u2019s \u201cevolving relationship with traditional markets,\u201d according to Lennix Lai, global chief commercial officer at OKX exchange.<br \/>\nLai told Cointelegraph:<br \/>\n\u201cWhile falling 26% since January\u2019s inauguration, Bitcoin\u2019s relative resilience in the first two days following the tariff announcement \u2014 dropping 6% compared to Nasdaq\u2019s 11% decline \u2014 suggests a nuanced dynamic emerging between crypto and conventional assets.\u201d<br \/>\nBitcoin initially remained firmly above the $82,000 support level but plummeted below $75,000 on Sunday, April 6.<br \/>\nBTC\/USD, 1-year chart. Source: Cointelegraph Markets ProSome industry leaders attributed Sunday\u2019s sell-off to Bitcoin\u2019s 24\/7 liquidity mechanics, which made BTC the only large liquid asset available for de-risking over the weekend.<br \/>\nRelated: Bitcoin price can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes<br \/>\nBitcoin remains tied to global liquidity conditions<br \/>\nWhile there is an \u201cencouraging sign\u201d of a weakening correlation between Bitcoin and equities, Bitcoin\u2019s price trajectory remains tied to global liquidity conditions, Lai said, adding:<br \/>\n\u201cThough I see early signs of divergence, I believe Bitcoin remains fundamentally tied to global liquidity conditions, warranting caution amid potential market stresses \u2014 whilst gold remains as a hedge against geopolitical instability.\u201d<br \/>\n\u201cWhat\u2019s most significant here isn\u2019t just price action but Bitcoin\u2019s growing conceptual influence \u2014 people increasingly view it as a valid strategic reserve asset for diversification in chaotic traditional markets,\u201d Lai added.<br \/>\nOther analysts also see the growing money supply as Bitcoin\u2019s main catalyst.<br \/>\n\u201cBitcoin trades solely based on the market expectation for the future supply of fiat,\u201d according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.<br \/>\nMagazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler\u2019s Digest, March 23 \u2013 29<a href=\"https:\/\/cointelegraph.com\/news\/btc-etfs-326-bitcoin-evolving-dynamic-tradfi-markets?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe evolving relationship between Bitcoin and traditional financial markets is under renewed pressure as global investors flee risk assets amid intensifying US trade tensions. US-listed spot Bitcoin (BTC)&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126782"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126782"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126782\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126782"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}