Spot Bitcoin ETFs in the U.S. saw a return to inflows on April 14 as investor sentiment picked up after the government rolled back tariffs on Chinese tech products like smartphones and computers.
According to SoSoValue data, the 12 spot Bitcoin ETFs brought in a modest $1.47 million in net inflows on Monday, breaking a seven-day outflow streak that saw $878 million pulled out. BlackRockโs IBIT led the gains with $36.72 million in inflows, but Fidelityโs FBTC offset most of that by seeing $35.25 million in outflows. The other ETFs had pretty quiet trading days.
The overall daily trading volume across all BTC ETFs hit $2.16 billion on April 14, with total net inflows since launch sitting at $35.36 billion. While this small bounce hints at a possible shift in sentiment, things werenโt as positive for Ether ETFs.
Ether ETFs saw outflows for the fifth day in a row, losing $5.98 million on Monday. Fidelityโs FETH was the biggest loser, with $7.78 million in outflows, while 21Sharesโ CETH helped soften the blow a bit with $1.8 million in inflows.
The slight improvement in ETF sentiment came after President Donald Trump announced that certain Chinese tech products, including smartphones and computers, would be exempt from his โreciprocalโ tariffs.
These exemptions followed weeks of rising tensions between the U.S. and China, where both sides had slapped heavy tariffs on each other, up to 145% from the U.S. and 125% from China, stirring fears of a full-blown trade war.
Following the rollback, U.S. stock markets closed higher on Monday, and Bitcoin (BTC) jumped back above $85,000 after holding strong at $84,000 support. Itโs now up nearly 7% over the past week.
However, the rollback, issued early on Saturday, may end up being short-lived, as Trump later clarified that these goods were simply being moved into a different tariff group or โbucket.โ
Analysts at crypto.news say Bitcoin is currently forming a Shark Harmonic pattern, a technical setup that often follows a consolidation phase. If this plays out, BTC might push past its previous all-time high near $110,000 before facing any major pullback.
Still, not all macro trends are supportive. Agne Linge, head of growth at decentralized bank WeFi, pointed to rising 30-year bond yields in Japan, which just hit 2.345%, their highest level in 30 years. Linge warned this could signal a shift away from risk assets like Bitcoin, especially from institutions that prefer safer returns.
โIf the Bank of Japan reacts by raising interest rates, we could see liquidity dry up in both traditional markets and crypto,โ Linge told crypto.news. โCrypto tends to do well when thereโs more excess liquidity. So if Japan tightens up, it might pressure the spaceโat least short-term.โ
However, on a positive note, she added that the U.S. might help counterbalance this pressure.
โSince the U.S. is a bigger market, the world may respond more toward the countryโs monetary policies than Japan,โ she added.
