ETF Outflows and Tariff Uncertainty Weigh on Bitcoin, Ethereum, and XRP

▲ Bitcoin (BTC), Ethereum (ETH), and XRP / ChatGPT-generated image ©

Amid extreme turbulence stemming from U.S.-led tariff policies and massive capital outflows from spot exchange-traded funds (ETFs), major cryptocurrencies—including market leader Bitcoin (BTC), Ethereum (ETH), and XRP—are plunging under intense selling pressure.

According to investment media outlet FXStreet on February 24 (local time), policy uncertainty surrounding U.S. President Donald Trump’s sweeping tariff measures is driving heightened volatility across risk-asset markets. Shortly after the U.S. Supreme Court invalidated certain tariffs, the Trump administration announced a temporary 10% global tariff and further warned it could raise the rate to 15%, sending investor sentiment into a deep freeze.

This macroeconomic anxiety has directly translated into capital flight from crypto spot ETFs. On Monday alone, U.S. spot Bitcoin ETFs recorded a massive $204 million in outflows, while spot Ethereum ETFs posted net outflows of $50 million, exacerbating the downward trend. In contrast, spot XRP ETFs saw no net inflows or outflows for the second consecutive day, reflecting the market’s stagnation and lack of interest.

Technical indicators on price charts are also flashing bearish signals. Trading at $63,261, Bitcoin remains trapped in a clear downtrend below its 50-day, 100-day, and 200-day exponential moving averages. The Relative Strength Index (RSI) hovers near 30, indicating persistent downward pressure, while the Moving Average Convergence Divergence (MACD) signals fading bullish momentum. Should the $63,000 support level break, the risk of a sharp drop toward $60,000 grows significantly. Ethereum, which has declined for three consecutive days, is likewise threatening its $1,811 support level. A breakdown below this zone could open the door to further losses toward the mid-$1,700 range and potentially as low as $1,600.

XRP is barely holding at $1.33 but has not escaped short-term bearish bias. Trading below the three key exponential moving averages at $1.64, it continues to face strong selling pressure, while the RSI around 34 clearly warns of extended bearish momentum. If it fails to defend the critical psychological level of $1.30, analysts predict a steep decline toward its previous low of $1.12.

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