Bitcoin ETFs Gain $802 Million Post-Trump Inauguration Debut

Highlights:

• Bitcoin ETFs have debuted for the first time after Trump’s office assumption.
• The Bitcoin funds attracted $802 million in their last outing.
• BlackRock Bitcoin ETF had the highest gains with over $600 million contribution.

On January 21, a day after Donald Trump’s inauguration as the 47th United States President, Bitcoin Exchange Traded Funds (ETFs) debuted for the first time since their last outing on January 17. The renowned on-chain ETF tracker, SosoValue, revealed that the funds attracted profits worth $802.5 million in their most recent outing.

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Meanwhile, relaying the statistics on his verified X handle, Ash Crypto, a popular crypto market analyst, said that the ETFs bought 7,585 BTC yesterday. He added that with such institutional adoption, he envisages Bitcoin’s unprecedented rally to price levels above $200,000.

🚨 BREAKING 🚨

BITCOIN ETFs BOUGHT 7,585 BTC
WORTH $802 MILLION YESTERDAY

FIRST DAY OF TRUMP'S PRESIDENCY
AND INSTITUTIONS HAVE STARTED
BUYING AGGRESSIVELY

BITCOIN IS GOING TO $200,000+ pic.twitter.com/XjOfCWSIXS

— Ash Crypto (@Ashcryptoreal) January 22, 2025

Bitcoin ETFs Comprehensive Statistical Details

According to the on-chain ETF tracker, six Bitcoin funds were active yesterday, while the remaining six had zero activities. Among the funds that witnessed market activeness, only Bitwise Bitcoin (BITB) lost money. Notedly, BITB forfeited $17.41 million. As expected, BlackRock Bitcoin ETF (IBIT) topped the inflows chart by gaining $661.86 million.

Another notable profitable ETF with an over $100 million contribution was Grayscale Mini Bitcoin ETF (BTC). The fund attracted $136.39 million in cash inflows. Aside from BITB and BTC, three other ETFs had gains below $10 million. These funds were ARK 21Shares Bitcoin ETF (ARKB), Fidelity Bitcoin ETF (FBTC), and Franklin Bitcoin ETF (EZBC). They gained $8.51 million, $6.97 million, and $6.18 million, respectively.

Overall, yesterday’s gains raised Bitcoin ETFs’ net cumulative inflows from $38.18 billion to $38.98 billion. In addition, it increased the net assets valuation from $121.28 billion to $123.59 billion. On the other hand, the total value traded dropped from $5.44 billion to $5.05 billion.

Bitcoin’s Price Reactions to the Inflows Surge

At the time of press, Bitcoin is changing hands at approximately $105,200, reflecting a 3% jump in the past 24 hours. Despite establishing a new $108,786 price peak on January 20, BTC has remained below $110,000, highlighting potent constraints to break above $108,000.

Moreover, in a 7-day-to-date price change variable data, BTC reflected minimum and maximum price limits ranging between $96,733.22 and $108,228. The price extremes underscore the positive influence of Trump’s inauguration and office assumption.

Other relevant market statistics revealed that Bitcoin has a market capitalization of $2.08 trillion, bringing its dominance to about 58.66%. While Bitcoin’s price remains relatively encouraging, its 24-hour trading volume has dropped significantly by 31.07%, with a $74.26 billion valuation.

Crypto Adoption Sets to Soar in Trump’s Led Administration

As promised during Trump’s campaign, the United States is already on the verge of witnessing one of the most crypto-friendly regulatory tenures. With barely a few days of assuming power, the U.S. is already experiencing widespread regulatory changes, with crypto adoption at the core of most reforms.

Recently, Bank of America CEO Brian Moynihan said in an interview that banks in the United States will start adopting payments in cryptocurrencies if regulatory bodies endorse it. According to him, crypto payments qualify as transactional options similar to Visa or debit cards.

Meanwhile, in other news, Mark Uyeda, the newly appointed United States Securities and Exchange Commission (SEC) acting chairman, has already kick-started the crypto regulatory reform journey. According to one of Crypto2Community’s recent reports, the acting chairman has introduced a Crypto Task Force. The new setup will address and clarify the crypto regulatory challenges, underscoring high tendencies for increased crypto adoption in the U.S.

🚨 Crypto News: The SEC Turns Pro-Crypto with New Digital Assets Task Force

In a surprising move that has the crypto world buzzing, the US SEC’s acting chairman, Mark Uyeda, is stepping things up by launching a specialized Digital Assets Task Force. The initiative aims to… pic.twitter.com/338F5divYz

— Blockviews (@blockviews) January 22, 2025

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