U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) appear to be struggling amid President Donald Trump’s looming “Liberation Day” tariff announcements.
Ironically, Trump’s presidency was considered a bullish boost for the crypto markets and launched BTC above $100,000, now it would appear he has fallen out of favor with crypto.
As per data gathered by SosoValue, Bitcoin ETFs have reached their third consecutive day of outflows after a brief respite, shedding $157.64 million in daily total net outflows on April 1, 2025.

The leading gainer is the Bitwise Bitcoin ETF (BITB), which recorded $24.53 million in net inflows, raising its cumulative total to $2.02 billion and net assets to $3.26 billion, ranking it fourth and sixth, respectively.
Making a rare inflow showing, the Franklin Templeton Digital Holdings Trust (EZBC) posted its first inflows since Feb. 7, garnering $7.39 million in net inflows. So far, the fund has seen $244.99 million in cumulative net inflows and currently commands $428.52 million in net assets.
As for outflows, the ARK 21Shares Bitcoin ETF (ARKB) took the biggest loss with $87.37 million in net outflows. ARKB has seen $2.52 billion in cumulative net inflows and commands $3.95 billion in net assets, ranking it third and fourth, respectively.
The Fidelity Wise Origin Bitcoin Trust (FBTC) shed $85.35 million in net outflows, bringing its cumulative flows to $11.38 billion and net assets to $16.42 billion, placing it firmly in second place.
It’s followed by Grayscale’s Bitcoin Trust (GBTC), which shed a further $10.07 million from its ever-dwindling fund. To date, GBTC has tallied a sore $22.54 billion in cumulative net outflows, reducing its net assets to $16.42 billion. Despite this, GBTC ranks third for net assets and is at the bottom for cumulative flows. t
Finally, the WisdomTree Bitcoin Trust (BTCW) tallied $6.76 million in net outflows. The fund has recorded just $54.64 million in cumulative net inflows and commands a humble $149.65 million in net assets, ranking in tenth and eleventh place, respectively.
According to data from SoSoValue, Ethereum ETFs broke from their brief inflow respite with a modest $3.58 million in daily total net outflows on April 1, 2025.

The 21Shares Core Ethereum ETF (CETH) was the only fund in the green, posting a humble $1.72 million in daily net inflows.
So far, CETH has garnered just $13.33 million in cumulative net inflows and commands $10.49 million in net assets, ranking it eighth amongst competitors.
As for outflows, Bitwise’s Ethereum ETF (ETHW) recorded $2.6 million in exits, bringing its cumulative net inflows to $317.67 million and net assets to $178.75 million, ranking it fourth and fifth, respectively.
Finally, Grayscale’s Ethereum Mini Trust shed $2.6 million in net outflows. So far, the fund has seen $567.88 million in net inflows and commands $869.31 million in net assets, squarely ranking it third.