CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2025-01-26 12:31:15

What Happened to Bitcoin, Ethereum ETFs After Trump Took Office? (Weekly Recap)

The political changes in the US are a fact as Donald Trump officially took office on Monday, becoming the country’s 47th president. Following the uncertainty ahead of his inauguration, US investors have become bullish once again toward the two largest cryptocurrencies, with substantial inflows toward the ETFs tracking both. BTC ETFs on a Roll The spot Bitcoin ETFs had a painful three-day period in the middle of the month, with $149.4 million leaving the funds on January 10, $284.1 million on January 13, and $209.8 million on January 14. However, that’s when the landscape changed, and investors reversed their strategy. In the next three business days, the funds attracted $755.1 million, $626.1 million, and $1.072,8 million, respectively, erasing all the previous losses. This streak continued during the past week, which had only four business days. Monday was Martin Luther King Day as well as Donald Trump’s inauguration . On Tuesday, the first business day after Trump took office, investors poured $802.6 million into the spot Bitcoin ETFs. BlackRock’s IBIT led the pack with $661.9 million. The net inflows for the next three days were $248.7 million, $188.7 million, and $517.7 million. Overall, the week ended with an impressive $1,757.7 million in net inflows. Moreover, this brings the seven-business day streak that started on January 15 to over $4.2 billion. Despite the $1.7 billion in net inflows over the past week, BTC’s price stands at essentially the same spot as last Sunday at just under $105,000. What About ETH ETFs? The Ethereum ETFs also had a rocky mid-month period, but the red streak was broken on January 14 with a minor inflows of $1.2 million. January 16 was an awe-inspiring day, with $166.6 million entering the funds. The past business week was also in the green overall, as $74.4 million was inserted into the ETH ETFs on Tuesday, $70.7 million on Wednesday, and $9.2 million on Friday. A negligible outflow of $14.9 million on Thursday couldn’t break the weak, which ended with $139.4 million in net inflows. Although this number is substantially lower than that of the BTC ETFs, ETH’s price has performed a lot better within this timeframe. The second-largest cryptocurrency is up by more than 4% since last Sunday and trades well above $3,300. The post What Happened to Bitcoin, Ethereum ETFs After Trump Took Office? (Weekly Recap) appeared first on CryptoPotato .

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen