Bitcoin ETFs See $713 Million Outflow Amid US-China Trade Tensions
As trade tensions between the US and China escalate, Bitcoin ETFs face significant withdrawals, marking seven straight days of outflows. BlackRock’s IBIT, the largest spot Bitcoin ETF, was among those affected.
Bitcoin ETFs Suffer Major Losses Amid Trade Tensions
The growing trade tensions between the United States and China have significantly impacted American spot Bitcoin ETFs. These financial products recorded a net outflow of $713 million last week, marking their seventh consecutive day of withdrawals. On Friday, April 11, these funds recorded a net outflow of $1.03 million, according to SoSoValue data. Most spot Bitcoin ETFs, including BlackRock’s IBIT (the largest in terms of net assets), reported no net flows by the end of the week. Only the ARK 21Shares Bitcoin ETF (ARKB) attracted significant inflows on that day.
Bitcoin Surges as Robert Kiyosaki Warns of Market Crash
Bitcoin (BTC) is breaking beyond its descending trendline since its $109,000 all-time high in January. Billionaire entrepreneur Robert Kiyosaki, author of Rich Dad Poor Dad, posted on X that acquiring Bitcoin, gold, and silver may help one come out on top of the current market crash. He noted gold was at an all-time high, silver demand was exploding, and Bitcoin was roaring, asking ’Are you listening?’
Harvard Study Reveals Bitcoin Mining Spreads Air Pollution Interstate
A new study published in Nature Communications has found that Bitcoin mining produces harmful air pollutants, with fine particles from the facilities crossing state borders and affecting areas far from the mines. Between August 2022 to July 2023, some 1.9 million Americans were exposed to significant levels of these fine particles. Communities affected include New York City, the Houston/Austin metropolitan area, Northeast Texas, and areas along the Illinois/Kentucky border. The research team, led by Dr. Francesca Dominici at Harvard’s T.H. Chan School of Public Health, conducted the groundbreaking study.
Crypto Markets Hold Steady Despite Trump’s Tariff Whiplash
Cryptocurrencies have shown resilience in the face of heightened volatility in traditional financial markets triggered by US President Donald Trump’s fluctuating tariff policy, according to a new report from the New York Digital Investment Group (NYDIG). Greg Cipolaro, NYDIG’s global head of research, said in an 11 April 2025 note that crypto markets have remained “relatively orderly” despite the chaos unfolding in equities. Historically, in broad risk-off moves, we tend to see stresses show up in crypto markets. We have yet to see that. While Bitcoin (BTC) experienced turbulence following Trump’s sweeping April 2 tariff announcement, the damage appears limited.
Japan’s Metaplanet Buys Additional $26M In Bitcoin
Metaplanet, often referred to as “Asia’s MicroStrategy,” has expanded its Bitcoin holdings with a new purchase worth 3.78 billion yen (approximately $26.3 million). The acquisition comes as global markets brace for potential fallout from the US government’s shifting trade stance toward China. According to the company, it acquired 319 BTC at an average price of 12.85 million yen ($82,549) per coin, bringing its total Bitcoin holdings to 4,525 BTC. Metaplanet has also outlined an ambitious goal to increase its Bitcoin reserves by 470%, aiming to reach 10,000 BTC before the end of the year.
