U.S. Bitcoin ETFs Record $1.76B in Weekly Inflows After Trump’s Inauguration

From January 21st to 24th, the United States-listed Bitcoin ETFs witnessed a remarkable influx of capital totaling $1.76 billion. BlackRock’s Bitcoin ETF, IBIT, alone accounted for a significant portion of this inflow, attracting US$1.32 billion. This surge in investment highlights a growing confidence in Bitcoin’s future, further amplified by President Trump’s early executive actions.

Increased Interest in Bitcoin ETFs

The recent surge in Bitcoin’s price, reaching unprecedented heights above $109,000, coincided with the beginning of President Trump’s second term and a series of significant policy shifts impacting the cryptocurrency landscape.

The immediate impact of Trump’s policy changes was dramatic. On his first night in office, a series of new orders were enacted, resulting in a sharp increase in Bitcoin’s price from a low of $100,935 to over $109,100. This demonstrates the market’s acute sensitivity to regulatory shifts and the perceived impact on the cryptocurrency sector.

An executive order establishing a cryptocurrency working group on Friday further bolstered investor sentiment. The group’s mandate includes developing a new regulatory framework for digital assets and exploring the establishment of a US cryptocurrency stockpile.

Furthermore, the order also provided crucial protections for banking services offered to cryptocurrency companies and, importantly, prohibited the creation of Central Bank Digital Currencies (CBDCs) that could potentially compete with existing cryptocurrencies.

The working group’s announcement immediately propelled Bitcoin’s price from $101,520 to $105,044, although it later retreated slightly to below $103,000 by the end of the day.

Bitcoin (BTC) Price Action Today

The anticipation of a potential US Bitcoin reserve fuels further optimism among Bitcoin bulls, who predict continued price appreciation. However, the realization of this scenario may still be some time away.

Following a relatively stable weekend in which Bitcoin (BTC) traded near $105,000, the cryptocurrency market experienced a downturn this week, pushing BTC to a weekly low below $100,000.

Notably, altcoins suffered even steeper losses, with significant price drops observed across major assets, including Dogecoin (DOGE), XRP, Cardano (ADA), and Solana (SOL).

This Monday’s market open mirrored the previous week’s, exhibiting considerable bearish pressure. While Bitcoin showed minimal price fluctuation over 36 hours during the weekend, as previously reported, the current price (January 27th, 2025) stands at approximately $99,087.42, reflecting a slight daily dip.

Despite this, Bitcoin has seen a 0.50% increase over the past week, a 9.71% rise this month, and a remarkable 137.98% surge over the past year. Its 24-hour trading volume is approximately $48.03 billion.