"Trump vs. Musk Rift Causes $278M Bitcoin ETF Outflow – Ethereum Records 14 Days of Inflows"

# Major Bitcoin ETF Experiences $278 Million Outflow Amid Trump-Musk Clash U.S.-based Bitcoin ETFs experienced a substantial outflow of $278 million (approximately 370 billion won) on June 5, reversing a brief recovery earlier in the week, according to CryptoNewsLand on June 6. Market experts attribute this significant capital pullback to increased investor anxiety stemming from a public disagreement between former U.S. President Donald Trump and Tesla CEO Elon Musk. # Trump-Musk Dispute Sends Ripples Through Crypto and Stock Markets The highly publicized dispute between Trump and Musk has shaken investor confidence, shifting market sentiment from greed to fear. The Cryptocurrency Fear & Greed Index fell into the fear zone on June 6, ending over a month of positive sentiment. This pessimism affected not only cryptocurrencies but also equities. Tesla stock dropped 14%, and shares of Trump Media fell by 8%, as reported by TradingView. Additionally, ARK 21Shares Bitcoin ETF saw its largest single-day outflow of $102 million on June 5, according to Sosovalue. All major U.S. spot Bitcoin ETFs reported zero inflows on the same day. # Bitcoin ETF Suffers Consecutive Outflows After Brief Recovery The $278 million outflow followed an even larger withdrawal of $1.2 billion over three trading sessions from May 29 to June 2. The brief recovery between June 3 and 4 was short-lived as the Trump-Musk feud renewed market concerns. Global Bitcoin exchange-traded products (ETPs) also faced pressure, recording an $8 million outflow last week. Analysts suggest that lingering economic uncertainties combined with the latest political friction further weakened market sentiment. # Ethereum ETFs Record 14 Consecutive Days of Inflows In contrast to Bitcoin’s struggles, Ethereum ETFs demonstrated resilience, recording $11.3 million in inflows on June 5—marking the 14th straight day of positive net inflows. Although the inflow volume has decreased compared to previous weeks, investors are focused on Ethereum’s strong network fundamentals and long-term potential. Notably, Ethereum ETFs saw substantial inflows of $109.4 million on June 3 and $56.9 million on June 4. Institutional interest has been rising, with Arkham data revealing that BlackRock purchased $50 million worth of Ethereum earlier this week. This trend highlights the relative stability of investor confidence in Ethereum despite Bitcoin’s heightened volatility. Analysts interpret this as a sign of evolving market preferences between the two leading cryptocurrencies.