Yigit Taha OZTURK 
Spot Bitcoin ETFs in the U.S. recorded a total of $127.12 million in net outflows on Wednesday, extending their streak of negative flows to five consecutive days. Interestingly, this occurred even as the market rallied following Trump’s announcement of a 90-day pause on new tariffs.
Major Outflows From IBIT and GBTC
BlackRock’s iShares Bitcoin ETF (IBIT) saw the largest outflow at $89.71 million, while Grayscale’s GBTC lost $33.8 million. Other major funds like VanEck and WisdomTree also reported outflows.
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Bitwise’s BITB was the only spot Bitcoin ETF to post inflows, receiving $6.71 million.
Trump Pauses Tariffs Amid Trade War Concerns
U.S. President Donald Trump on Wednesday announced a 90-day pause on most tariffs and reduced reciprocal duties to 10% for the majority of countries, while raising tariffs on China to 125%. The move triggered a surge across both traditional finance (TradFi) and crypto markets.
Nasdaq Posts Best Day Since 2001
Following the news, the Nasdaq jumped 12.16%, marking its biggest single-day gain since January 2001. Other major indices also surged:
- Dow Jones: +7.87%
- S&P 500: +9.52%
Crypto-linked stocks also posted sharp gains:
- Coinbase: +16.91%
- Strategy (formerly MicroStrategy): +24.76%
Asian Markets Follow U.S. Rally
Asian stock markets mirrored Wall Street’s momentum. Japan’s Nikkei 225 climbed 8.68%, South Korea’s Kospi rose 6.07%, the Shanghai Composite gained 1.34%, and Hong Kong’s Hang Seng advanced 3.13%.
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