Bitcoin ETF weekly inflows slowdown despite optimism following Trump’s inauguration

Inflows into Bitcoin spot exchange-traded funds in the United States have declined over the past week, contrasting sharply with the crypto community’s expectations following the inauguration of President Donald Trump.

According to data According to SoSoValue, the 12 spot Bitcoin ETFs saw a slowdown in inflows over the past week, attracting about $1.76 billion from investors, about 10.5% less than the $1.96 billion recorded last week. previous week.

These investment products would have On January 17, more than $1 billion was raised, marking its highest level so far this year, just before Trump’s presidential inauguration. However, much to the surprise of the crypto community, inflows into BTC ETFs began to decline in the days following Trump’s inauguration on January 20.

Notably, on the first business day after Trump took office, these investment vehicles managed to attract $802.5 million among investors, with BlackRock’s IBIT leading the group with $661.9 million. Net inflows for the next two days would have been much lower, at $248.65 million and $188.65 million, respectively. However, the trend of dwindling inflows appeared to reverse on Friday, January 24, as BTC ETFs saw $517.67 million flowing into funds.

Interestingly, Fidelity’s FBTC led the pack that day, attracting $186.07 million from investors. This was closely followed by ARK 21Shares’ ARKB and BlackRock’s IBIT, which saw inflows of $168.71 million and $155.69 million, respectively.

Smaller inflows were seen in Grayscale Bitcoin Mini Trust and WisdomTree’s BTCW, which saw $13.01 million and $2.79 million enter their funds. Bitwise’s BITB stood out as the only outlier of the day, however, with $8.6 million withdrawn by investors.

The drop in weekly flows into Bitcoin ETFs coincided with a change in Bitcoin price dynamics following President Donald Trump’s decision. signing of a decree on January 23. The order, which aimed to create a task force focused on digital assets, failed to meet the expectations of the crypto community.

Although the executive order outlined its intent to advise the White House on digital asset policy and assess the potential for creating a government stockpile of seized cryptocurrencies, it did not go so far as to propose the creation of a strategic reserve of Bitcoin – a move that many crypto advocates had considered. impatiently waiting.

At press time, Bitcoin (BTC), the market’s largest cryptocurrency, is down 4.5% over the past day and 1.4% over the past week, falling back towards the critical psychological support level of $100,000 . Many experts believe this level is essential for Bitcoin to regain momentum and chart a path to a new all-time high.