Outflows from Bitcoin ETFs due to disappointment over Trump's Bitcoin reserve plan

From Cointelegraph
March 7, 2025 9:06:12 pm:

Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 due to investor reaction to President Trump’s plan for a US strategic Bitcoin reserve. Institutional investors are cautious about Bitcoin exposure after Trump’s executive order failed to include government purchases of Bitcoin.

Trump signed an executive order establishing a strategic Bitcoin reserve and a digital asset stockpile funded by assets acquired through legal proceedings. Market expectations were not met, leading to disappointment. However, the order allows for additional Bitcoin acquisitions without added costs to taxpayers, potentially introducing a new buyer to the ecosystem.

Bitcoin’s spot price dropped over 2% on March 7, while data from the CME showed declines exceeding 2% across Bitcoin’s futures curve. The US Strategic Bitcoin Reserve may encourage other countries and financial institutions to buy Bitcoin. The sell-off is seen as a “buy the rumor, sell the news event,” with long-term bullish sentiment expressed by industry experts.

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