By Muhammad Razi 
SSpot Bitcoin ETFs in the United States saw a resurgence of positive inflows on January 21, following President Donald Trump’s inauguration, with Bitcoin maintaining its position above $105,000.
Bitcoin ETFs Record Substantial Inflows
Data from SoSoValue reveals that the 12 spot Bitcoin ETFs accumulated $802.5 million in net inflows on January 21, extending their four-day streak. Over $3.2 billion has flowed into these funds during this period.
The bulk of the inflows on Tuesday came from BlackRock’s IBIT, which saw $661.9 million entering the fund, marking the third consecutive day of leading the inflow totals. Grayscale’s mini Bitcoin Trust followed, attracting $136.39 million.
Other contributors to the positive trend included ARK 21Shares’ ARKB, Fidelity’s FBTC, and Franklin Templeton’s EZBC, which saw modest inflows of $8.51 million, $6.97 million, and $6.18 million respectively.
On the other hand, Bitwise’s BITB experienced an outflow of $17.41 million, while the remaining Bitcoin ETFs saw no significant inflows.
Bitcoin’s Trading Volume and Market Trends
The total trading volume for the 12 Bitcoin ETFs reached $5.05 billion on January 21, and the overall net inflows since their launch have reached $38.98 billion.
Despite the substantial inflows of $802.5 million recorded on January 21, this was below the $1.08 billion recorded the previous day. Experts suggest that the drop might be due to President Trump’s failure to issue an expected executive order focused on establishing a Bitcoin national reserve and prioritizing cryptocurrencies.
Kadan Stadelmann, CTO of Komodo Platform, pointed out that Trump’s early days in office could turn into a “sell the news” event, explaining that the optimism in crypto markets following Trump’s election might fade as investors had already priced in expected policy changes.
However, Stadelmann encouraged the crypto community to stay hopeful, stating that the Trump administration is likely to be more crypto-friendly in the future. He added that institutions continue to purchase Bitcoin ETFs in anticipation of upcoming policy shifts.
📌Overall, the Bitcoin and crypto markets should still expect a more crypto-friendly administration under Trump. Institutions are buying Bitcoin ETFs ahead of expected policy changes.
Kadan Stadelmann, CTO of Komodo Platform
🔸At press time, Bitcoin was up 3.29%, trading at $105,928 per coin.