(Bloomberg) – The US Bitcoin Exchange Trade Fund recorded its longest net outflow each week as US President Donald Trump's tariffs promoted a wider retreat from risky assets last January.
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The data compiled by the Bloomberg Show has totaled over $5.5 billion from the 12 ETF group over the past five weeks. The record-breaking leak began shortly after Trump returned to the White House, highlighting that even crypto investors are focusing more on the trade war he has ignited than crypto-friendly policies such as creating digital asset reserves.
“Bitcoin and crypto are currently still caused by macro photography,” Greg Magadini, director of derivatives at Amberdata, said in a memo. “I don't think Bitcoin will diverge from risk assets for the time being.”
After scaling to hit highs in the wake of Trump's November election victory, Bitcoin struggled in 2025, falling by around 12% since the start of the year. The largest digital assets were trading around $83,500 in London as of 10am.
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