Bitcoin ETFs resume inflows post-Trump inauguration as BTC holds above $105k

Bitcoin spot exchange-traded funds in the United States resumed their streak of positive inflows on January 21, following the inauguration of President Donald Trump, with BTC holding over $105,000.

According to data According to SoSoValue, the 12 spot Bitcoin ETFs saw $802.5 million in net inflows on January 21, extending their previous streak of inflows to four days, during which more than $3.2 billion entered. the funds.

The majority of inflows on Tuesday came from BlackRock’s IBIT, which saw $661.9 million enter the fund and lead 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 this 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 an outflow of $17.41 million. The remaining BTC ETFs experienced a “0” flow 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 their launch stood at $38.98 billion.

Despite the significant inflows of $802.5 million recorded on January 21, they remained below the $1.08 billion seen on the previous trading day. This decline is likely due to President Donald Trump’s failure to issue an early 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 in office could turn into a “news-selling” event. He explained that initial optimism in crypto markets following Trump’s election could fade, as investors had already priced in anticipated political changes well before Trump won the presidency.

However, Stadelmann urged crypto enthusiasts to remain hopeful, noting that Trump’s focus on pressing domestic 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 that institutions still expect crypto liberalization as they continue to purchase Bitcoin ETFs ahead of the expected policy changes.

Kadan Stadelmann, CTO of Komodo Platform.

At press time, Bitcoin (BTC), was up 3.1%, trading at $105,708 per coin.