BlockBeats News: On April 10th, Coindesk analyst Omkar Godbole stated that despite the surge in cryptocurrency prices following Trump's announcement of a 90 day tariff suspension, there were still fund outflows from Bitcoin and Ethereum spot ETFs in the United States on Wednesday. The Bitcoin ETF had a total net outflow of $127.2 million on Wednesday, with a cumulative outflow of $722 million over the past 5 days. Ethereum ETF outflows $11.2 million on Wednesday.
Behind the decline in investor demand is the macroeconomic uncertainty caused by the trade tensions between China and the United States and fluctuations in the bond market, which may prompt macro investors to sell all assets, including cryptocurrency ETFs, on a large scale in exchange for cash.