Spot Bitcoin exchange-traded funds in the United States resumed their positive inflows on January 21, following President Donald Trump’s inauguration, with BTC holding more than $105,000.
According to facts from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $802.5 million on January 21, extending their previous inflows to four days, during which more than $3.2 billion flowed into the funds.
Most of Tuesday’s inflows came from BlackRock’s IBIT, which saw $661.9 million flow into the fund and led the highest inflows for the third day in a row. Grayscale’s mini Bitcoin Trust followed with an inflow of $136.39 million.
ARK 21Shares’ ARKB, Fidelity’s FBTC and Franklin Templeton’s EZBC also contributed to the positive momentum with more modest inflows of $8.51 million, $6.97 million and $6.18 million, respectively.
Bitwise’s BITB bucked the trend with outflows of $17.41 million. The remaining BTC ETFs saw ‘0’ flows that day.
Total trading volume for the 12 Bitcoin ETFs reached $5.05 billion on January 21, while total net inflows into the investment products since launch amounted to $38.98 billion.
Despite the significant inflows of $802.5 million recorded on January 21, these fell short of the previous trading day’s $1.08 billion. This decline likely stemmed from President Donald Trump’s inability to issue an expected executive order to establish a national Bitcoin reserve and prioritize cryptocurrencies as a national agenda.
According to Kadan Stadelmann, CTO of Komodo Platform, Trump’s first days as president could turn into a “sell the news” event. He explained that the initial optimism in the crypto markets following Trump’s election could fade as investors had already priced in expected policy changes long before Trump assumed the presidency.
However, Stadelmann urged crypto enthusiasts to remain hopeful, noting that Trump’s focus on pressing national challenges has delayed immediate crypto-related actions.
“Overall, the Bitcoin and crypto markets should still expect a more crypto-friendly administration under Trump. We see institutions still expecting crypto liberalization as they continue to buy Bitcoin ETFs ahead of expected policy changes.”
Kadan Stadelmann, CTO of Komodo Platform.
At the time of writing, Bitcoin (BTC) was up 3.1%, exchanging hands at $105,708 per coin.
