Bitcoin ETFs, led by Fidelity and Blackrock, suffered a $ 430 million loss in just one day. Especially the ARK 21Shares Bitcoin ETF received the biggest coup with an output of $ 147 million. This wave of sales became more intensified by the panic created by US President Donald Trump’s uncertain customs duty policies in the markets.
Giant Output in Bitcoin ETFs: Fidelity and Blackrock suffered great losses
On Monday, the US stock exchanges experienced a major decrease, while investors sold Bitcoin ETF of $ 430 million. One of the biggest outputs came from Ark 21shares Bitcoin ETF and withdrawn $ 147 million. According to JPMorgan data:
- Fidelity’s Bitcoin ETF saw $ 135 million output
- 90 million dollars of sales from Blackrock’s IBIT ETF
This shows that investor confidence is shaken and how the market reacts to uncertainties.
The situation is the same in the Ethereum ETF market
Not only Bitcoin, but also Ethereum ETFs saw great exits. A total of $ 34 million Ethereum ETF was sold from large funding providers such as Fidelity, Grayscale and Bitwise. Among the Ethereum ETFs, those who have the largest asset management are as follows:
- GRAYSCALE (ETHE) – 5.09 billion dollars
- Blackrock (ETHA) – $ 1.95 billion
- Fidelity (Feth) – 754.94 million dollars
How do Trump policies affect the crypto market?
One of the main reasons for this fluctuation in the crypto market is the uncertainties in Donald Trump’s trade policies. Especially the variable customs tariffs he has put into force since February have reduced the confidence of investors in the US economy.
JPMorgan analysts, although Bitcoin is seen as a long -term strategic asset, is sensitive to short -term macroeconomic pressures.
- The total value of the crypto market has melted $ 500 billion since February
- Since Trump took office, the total value of the market has decreased by 25 %
These factors show how much the crypto market depends not only on its internal dynamics, but also to general economic fluctuations.
Crypto expansions of the White House: Positive Signals Coming
While there are great losses in the market, there are positive developments from Washington about crypto.
- The White House organized an official crypto summit for the first time. Kriptokoin.comAfter the summit, we gave the reaction of the crypto money market in this article.
- The US government has decided to create a strategic reserve of 200,000 Bitcoin (worth $ 16 billion).
- Microstrategy CEO Michael Saylor announced that his company wants to increase Bitcoin investments to $ 21 billion.
- These developments show how state -supported big investments can play an important role in the crypto market.
The transaction volume increases in Bitcoin and Ethereum ETFs
Although there are large outlets in the crypto market, the transaction volume of Bitcoin and Ethereum ETFs has significantly increased.
- Bitcoin ETFs reached a transaction volume of $ 5 billion on March 10 (since the launch of January 11, the average daily volume was $ 2.7 billion).
- The Ethereum ETFs were transactions of $ 662 million (the previous average was $ 338 million).
- This, while selling the assets of investors in panic, some major players in the market that it continues to act actively shows.
Can Bitcoin fall to $ 70,000?
Some analysts predict that Bitcoin may soon fall to $ 70,000.
- Mena Theodorou, co -co -co -co -co -co -founder, expects Bitcoin to drop to $ 69,000.
- Arthur Hayes, Maelstrom Fund CIO, says that the level of $ 70,000 will be a support point.
However, Hayes emphasized that investors should not move with panic.
Be patient.
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