US-Listed Spot Bitcoin (BTC) and Ether (ETH) Exchange-Traded Funds (ETFS) saw outflow on Wednesday, even when Cryptocurrencies awards rose after President Donald Trump announced a 90-day break in customs in most countries, excluding China.

The 11 Bitcoin ETFs lost a Net of $ 127.2 million on Wednesday, with investors withdrew $ 89.7 million from Blackrocks Ibit alone, according to Data from FarSide Investors. Wednesday marked the fifth consecutive outflow day, with the funds losing a cumulative $ 722 million in the period.

Ether ETFs have also dropped out of the investor’s benefit, and the nine funds experienced a net outflow of $ 11.2 million Wednesday.

The dwindling demand can be attributed to the macroeconomic uncertainty caused by merchant tensions and volatility in the US China in the bond markets, which probably led to macro investors selling each active, including crypto-ETFs, for cash.

The markets broke back sharply later Wednesday, after Trump announced a 90-day break on tariffs for more than 75 nations that did not reciprocate his sweeping tasks announced a week ago. However, China, recently placed penetrated retaliations on US goods, received no relief when Trump wandered the total tax on Chinese goods to 125%.

Bitcoin, the leading cryptocurrency with market value, increased over 8% to $ 83,500 and Teh Ethereum Blockchain’s original token, Ether, jumped 13% to $ 1,770 along with larger gains in the Altcoin market, Coindesk data shows. Meanwhile, Wall Street’s tech-heavy index, Nasdaq 100, jumped over 12%, its largest single-day percentage winnings for decades.