Spot Bitcoin exchange-traded funds (ETFs) in the United States have returned to net inflows.
According to data from Farside Investors, the twelve-spot Bitcoin ETFs experienced a collective net inflow of $340.7 million on February 4. This marked a reversal from the previous day when the ETFs had faced net outflows totalling $234.4 million.
BlackRock’s IBIT led the way in inflows, with $249 million entering the fund after a stable period. Since its launch, spot Bitcoin ETFs have accumulated approximately $40.7 billion in total inflows. Following closely behind IBIT, ARK and 21Shares’ ARKB recorded inflows of $56.1 million. Other notable ETFs that experienced positive inflows include Grayscale’s GBTC, which attracted $19.5 million, and Bitwise’s BITB, which saw $16.1 million. Meanwhile, the remaining seven ETFs reported no inflows or outflows, indicating a pause in investor activity for those funds.
This resurgence in inflows coincided with President Donald Trump’s agreement with the leaders of Mexico and Canada to postpone the controversial 25% tariffs for one month. Additionally, Trump signed an executive order to create a unique sovereign wealth fund, which has led to speculation in the crypto community that the U.S. might use this fund to buy Bitcoin.
The recovery in inflows comes after a market-wide decline that resulted in over $2 billion in liquidations in the crypto derivatives market on Monday, triggered by Trump’s tariff announcements regarding Canada, Mexico, and China.
Meanwhile, China’s finance ministry announced new retaliatory tariffs on U.S. goods, effective February 10. The tariffs include 15% on coal and LNG and 10% on crude oil, agricultural machinery, and certain vehicles. This follows the U.S. imposing new tariffs on Chinese goods, escalating the trade dispute. China’s ministry condemned the U.S. actions as violations of WTO rules. It revealed plans to tighten export controls on critical materials like tungsten and molybdenum, citing national security concerns, which could impact global supply chains.
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