Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a resurgence in inflows on January 21, following President Donald Trump’s inauguration. Bitcoin (BTC) continued to hold above the $105k mark, driving strong investor interest.
Data from SoSoValue reveals that the 12 spot Bitcoin ETFs collectively recorded $802.5 million in net inflows on January 21, extending their streak of positive inflows to four consecutive days. Over this period, more than $3.2 billion has flowed into the funds.
BlackRock Leads Inflows with $661.9 Million
BlackRock’s iShares Bitcoin Trust (IBIT) took the lead in this inflow surge, with $661.9 million entering the fund, marking the third straight day of the highest inflows for IBIT. This continues to solidify BlackRock’s dominance in the Bitcoin ETF space.
Grayscale’s Mini Bitcoin Trust also saw substantial interest, with $136.39 million in inflows. Other players in the market, including ARK 21Shares’ ARKB, Fidelity’s FBTC, and Franklin Templeton’s EZBC, contributed smaller but still positive inflows of $8.51 million, $6.97 million, and $6.18 million, respectively.
However, not all funds saw gains. Bitwise’s BITB recorded an outflow of $17.41 million, while other Bitcoin ETFs registered no flows for the day.
Total Bitcoin ETF Trading Volume
The 12 Bitcoin ETFs saw total trading volume of $5.05 billion on January 21. Since their launch, these funds have accumulated a total of $38.98 billion in net inflows, signaling strong and sustained investor interest in Bitcoin ETFs.
Trump’s Inauguration and Crypto Market Response
Despite the $802.5 million in inflows on January 21, the figure was lower than the $1.08 billion seen the day before. Analysts believe this decline is tied to the delay in President Trump’s anticipated executive order to establish a national Bitcoin reserve and prioritize cryptocurrency policy. This move had been widely expected by the market, contributing to a sense of cautious optimism.
Kadan Stadelmann, CTO of Komodo Platform, noted that the initial excitement surrounding Trump’s election could turn into a “sell the news” event, as the market had already priced in the potential for crypto-friendly policies. The delay in action from the new administration may have dampened short-term expectations.
However, Stadelmann remains optimistic, urging crypto enthusiasts to stay hopeful. He emphasized that despite the slow start, Trump’s administration is still expected to adopt more crypto-friendly policies over time. “We see institutions continuing to buy Bitcoin ETFs in anticipation of these expected policy changes,” he added.
Looking Ahead
While the first days of Trump’s presidency may have fallen short of immediate expectations for crypto enthusiasts, the continued inflows into Bitcoin ETFs suggest strong institutional confidence in Bitcoin. As the administration settles in, market participants remain hopeful that the anticipated policy shifts will come to fruition, further boosting Bitcoin’s role in the financial landscape.
