Spot Bitcoin ETF Inflows Resume After Trump’s Inauguration
Spot Bitcoin exchange-traded funds in the United States saw a positive streak in inflows on Jan. 21, following President Donald Trump’s inauguration, with BTC holding steady above $105k.
Positive Inflows Continue
As per data from SoSoValue, the 12 spot Bitcoin ETFs recorded $802.5 million in net inflows on Jan. 21, marking the fourth consecutive day of positive inflows totaling over $3.2 billion. The majority of inflows came from BlackRock’s IBIT with $661.9 million, followed by Grayscale’s mini Bitcoin Trust with $136.39 million.
ARK 21Shares’ ARKB, Fidelity’s FBTC, and Franklin Templeton’s EZBC also contributed to the positive momentum with more modest inflows. However, Bitwise’s BITB saw an outflow of $17.41 million while the remaining ETFs reported no significant flows.
Total Trading Volume and Net Inflows
The total trading volume for the 12 Bitcoin ETFs reached $5.05 billion on Jan. 21, with total net inflows since launch amounting to $38.98 billion.
Market Reaction to Trump’s Presidency
Despite the substantial inflows on Jan. 21, they were lower than the previous day’s inflows. This could be attributed to the absence of an expected executive order from President Trump to establish a Bitcoin national reserve. Kadan Stadelmann, CTO of Komodo Platform, suggested that Trump’s early days in office might lead to a “sell the news” event in the crypto markets.
Stadelmann remains optimistic about a more crypto-friendly administration under Trump, as institutions continue to buy up Bitcoin ETFs in anticipation of policy changes. At the time of writing, Bitcoin was trading at $105,708 per coin, up 3.1%.