Spot bitcoin ETFs shed $395 million as Greenland trade tensions persist
The Block
U.S. spot bitcoin ETFs experienced $395 million in net outflows following geopolitical trade tensions between the U.S. and the EU.Summary
U.S. spot bitcoin ETFs recorded $394.68 million in net outflows on Monday, halting a four-day inflow streak, amidst a subdued crypto market. The sell-off followed geopolitical concerns stemming from President Donald Trump's threat of escalating tariffs on NATO allies unless Denmark sold Greenland, prompting potential retaliatory measures from EU officials. This uncertainty, coupled with prior negative sentiment from a postponed crypto market structure bill, pushed Bitcoin's price down to around $90,979. Analysts suggest that persistent macro pressure could lead Bitcoin to test the $67,000 to $74,000 range, while near-term crypto markets are expected to remain volatile due to the unresolved trade policy situation.
(Source：The Block)