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Bitcoin ETFs See $802.6 Million Inflow on January 21 After Trump Inauguration
The inauguration of President Donald Trump has led to a significant increase in institutional investment in digital assets, highlighted by Bitcoin ETFs recording net inflows of $802.6 million on January 21, 2025.
Key Points on Bitcoin ETF Inflows
- BlackRock’s iShares Bitcoin Trust (IBIT) attracted $661.9 million, increasing its assets under management (AUM) to $39.07 billion.
- Fidelity Wise Origin Bitcoin Fund (FBTC) received $7 million, totaling over $1.09 billion in historical net inflows.
- Other ETFs like ARK 21Shares Bitcoin ETF (ARKB) and Franklin Templeton Digital Holdings Trust (EZBC) garnered $8.5 million and $6.2 million, respectively.
- Bitwise Bitcoin ETF (BITB) experienced a net outflow of -$17.4 million.
- Overall sentiment remains positive with four consecutive days of net inflows for Bitcoin ETFs.
Market Context
- In October 2024, US-listed Bitcoin ETFs also saw inflows exceeding $800 million in two trading days.
- Bitcoin reached an all-time high of $109,000 on January 20, 2025.
- Trump's administration is expected to adopt a more favorable regulatory stance towards crypto, including plans for a national Bitcoin reserve.
- Industry leaders attribute renewed investor optimism to Trump's policies, coining it the "Trump Effect."