Spot Bitcoin exchange-traded funds (ETFs) in the United States resumed their upward momentum on January 21, buoyed by Bitcoin’s strong performance above $105,000, coinciding with the inauguration of President Donald Trump.
According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded a combined $802.5 million in net inflows, extending their streak to four consecutive days with a total of $3.2 billion flowing into the funds during this period.
The day’s largest contribution came from BlackRock’s IBIT fund, which drew $661.9 million, marking its third straight day as the leader in inflows. Grayscale’s Mini Bitcoin Trust followed with an inflow of $136.39 million. Other funds such as ARK 21Shares’ ARKB, Fidelity’s FBTC, and Franklin Templeton’s EZBC recorded smaller gains, contributing $8.51 million, $6.97 million, and $6.18 million, respectively.
Bitwise’s BITB fund bucked the trend, experiencing an outflow of $17.41 million, while the remaining ETFs recorded zero flows.
On January 21, total trading volume across the 12 Bitcoin ETFs reached $5.05 billion, while cumulative net inflows since the launch of these products stood at $38.98 billion.
Despite the robust inflows, the $802.5 million recorded on January 21 fell short of the $1.08 billion observed on the previous trading day. Analysts attribute this dip to President Trump’s failure to issue an anticipated executive order establishing Bitcoin as a national reserve or prioritizing cryptocurrency policy.
Kadan Stadelmann, CTO of Komodo Platform, noted that the initial optimism surrounding Trump’s presidency could lead to a “sell the news” event, as investors had already factored in potential policy changes before his inauguration.
“While there’s a delay in crypto-related actions due to Trump’s focus on other pressing issues, the overall outlook remains positive. A more crypto-friendly administration is expected, and institutions continue to accumulate Bitcoin ETFs in anticipation of favorable policies,” said Stadelmann.
At the time of reporting, Bitcoin was trading at $105,708, reflecting a 3.1% increase on the day.
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