Spot Bitcoin exchange-traded funds (ETFs) in the U.S. resumed their positive inflow streak on January 21, following President Donald Trump’s inauguration. Bitcoin continues to hold strong above the $105K mark.
Bitcoin ETF Inflows Surge
Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded a net inflow of $802.5 million on January 21. This extends their four-day inflow streak, with over $3.2 billion entering the funds during this period.
BlackRock Leads Inflows
The majority of inflows came from BlackRock’s IBIT, which attracted $661.9 million, maintaining its lead for the third consecutive day. Grayscale’s mini Bitcoin Trust followed with $136.39 million.
Other ETFs, including ARK 21Shares’ ARKB, Fidelity’s FBTC, and Franklin Templeton’s EZBC, also contributed, adding $8.51 million, $6.97 million, and $6.18 million, respectively.
However, Bitwise’s BITB experienced an outflow of $17.41 million, while the remaining ETFs recorded no significant changes.
Trading Volume and Total Inflows
On January 21, the total trading volume for all 12 Bitcoin ETFs reached $5.05 billion. Since their launch, the total net inflows into these investment products now stand at $38.98 billion.
Inflows Fall Short of Previous Day
Despite the impressive $802.5 million inflow, it fell short of the previous trading day’s $1.08 billion. Analysts attribute this decline to Trump’s failure to issue an expected executive order prioritizing Bitcoin and cryptocurrencies.
Bitcoin’s Current Price
At the time of writing, Bitcoin is trading at $105,708, marking a 3.1% increase.
Conclusion
Spot Bitcoin ETFs have shown strong inflows, with BlackRock leading the way. Despite a slight slowdown in inflows, market experts remain optimistic about future growth driven by policy developments under the new administration.
