US Bitcoin / cryptocurrency exchange-traded funds (ETFs) experienced continued pressure during the recent Presidents’ Day holiday-shortened trading week, with significant net outflows reported across major products. According to data tracked by SoSoValue, spot Bitcoin ETFs saw approximately $316 million in net withdrawals. This marked the fifth consecutive week of outflows for these funds, representing the longest such streak since February-March 2025.
The abbreviated trading period, limited to four sessions due to the holiday, featured redemptions in the initial days that outweighed a modest recovery toward the week’s end.
Spot Ether ETFs mirrored this trend, posting their own fifth straight week of net outflows totaling around $123 million.
The sustained exits from Bitcoin and Ether products reflect a broader cooling in institutional demand amid volatility in the digital asset space.
In contrast, newer altcoin-focused ETFs demonstrated resilience.
Spot Solana (SOL) ETFs attracted modest net inflows of about $14.3 million, continuing to draw interest even as larger counterparts faced redemptions.
Similarly, XRP ETFs recorded a small positive flow of $1.8 million.
These inflows suggest some capital rotation within the crypto sector, with investors shifting toward alternative assets perceived as having growth potential.
Compounding market pressures, Bitcoin’s price dipped following an announcement from U.S. President Donald Trump.
He revealed an increase in a proposed worldwide tariff on imported goods to 15% from an initial 10%, despite a recent Supreme Court ruling.
The Court, in a 6-3 decision issued shortly before, invalidated many of Trump’s prior broad tariff impositions, determining they exceeded executive authority under the International Emergency Economic Powers Act (IEEPA).
The justices emphasized that tariff powers, as a form of taxation, reside with Congress.
Trump responded by invoking a different statute—Section 122 of the Trade Act of 1974—to implement the adjusted levy on a temporary basis.
The move, described as addressing long-standing trade imbalances, sparked immediate market reactions.
Bitcoin experienced a slight decline in value as traders assessed the potential economic ripple effects, including heightened inflation risks, supply chain disruptions, and impacts on global growth that could indirectly influence risk assets like cryptocurrencies.
Overall, these developments highlight ongoing challenges in the crypto investment landscape.
While Bitcoin and Ether ETFs grapple with prolonged outflows amid macro uncertainties, the positive flows into SOL and XRP products indicate selective optimism. Trump’s aggressive trade policy stance, even after judicial setbacks, adds another layer of unpredictability to financial markets, potentially weighing on sentiment for volatile assets in the near term.
