Bitcoin ETFs Record $802M Inflow After Trump Takes Office

Donald Trump is officially the President of the United States, and his sworn allegiance towards Bitcoin has translated into an inflow of $3.26 in the BTC ETFs on January 21. Towards the end of 2024, BTC faced resistance to breaking above the $100k mark but is now stable over $100k.

Bitcoin’s Mainstream Hype

The support from the 43rd President of the United States, the community expects BTC prices to surge and gain momentum due to the pro-crypto initiatives expected to be formed under Donald Trump. Institutions heavily invested in Bitcoin due to the scope of value it offers and is now pushing for its mainstream adoption as well.

Trump’s appointment as the President has caused the crypto industry to show positive movements, and the BTC ETFs majorly saw inflows during the Presidential handover.

The biggest gainer among the ETFs was Blackrock’s IBIT, which recorded over $600 million individually. Blackrock is among the biggest institutional holders, with approximately 530,831 BTC under its management.

Trailing behind with a marginal difference was Grayscale’s BTC ETF, which recorded a $113 million inflow, making it the second ETF with inflows of over $136.4 million. Fidelity, ARK, and Franklin recorded inflows under $10 million, respectively.

However, not all ETFs saw a positive inflow. Bitwise’s BITB was the only ETF to record outflows worth $17.4 million on January 21. Since the launch of the BTC ETFs, traditional investors have slowly adopted BTC ETFs.

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