Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
crypto.news 2025-01-24 06:39:07

Bitcoin ETFs face slowdown as Trump’s crypto executive order falls short on BTC-specific strategic reserve

Bitcoin ETFs face slowdown as Trump’s crypto executive order falls short on BTC-specific strategic reserve

Inflows into spot Bitcoin ETFs in the U.S. remained sluggish on Jan. 23 as President Donald Trump’s efforts to form a working group on digital assets under an executive order failed to meet market expectations. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $188.65 million in net inflows on Thursday, marking their fourth consecutive day of declining inflows since the beginning of the week, when they recorded over $1 billion in inflows. BlackRock’s IBIT attracted the lion’s share of inflows, totaling $154.6 million, leading Bitcoin ETFs in inflows for the fifth consecutive day while Bitwise’s BITB followed with inflows of $42.15 million. More modest inflows that contributed to the positive momentum came from Invesco Galaxy’s BTCO, Grayscale’s mini Bitcoin Trust, Fidelity’s FBTC and ARK 21Shares’ ARKB which logged inflows of $12.38 million, $11.9 million, $9.16 million and $8.35 million respectively. Grayscale’s GBTC, which stood out as the only outlier on the day, recorded $49.94 million in outflows, offsetting some of the inflows from the other ETFs. The remaining five BTC ETFs saw zero inflows. You might also like: Here’s why Bitcoin and most altcoins are falling The total daily trading volume for Bitcoin investment vehicles reached $9.59 billion on Jan. 23, marking the second-highest level ever recorded, just behind the $10.39 billion peak seen on March 5. Notably, the dip in inflows to Bitcoin ETFs coincided with a shift in Bitcoin’s price momentum after President Donald Trump signed an executive order on Thursday that is aimed at establishing a working group focused on digital assets that fell short of expectations. While the order set out to advise the White House on digital asset policy and evaluate the creation of a government-held digital asset stockpile—comprising cryptocurrencies seized during investigations—it stopped short of establishing a dedicated strategic Bitcoin reserve , a move many crypto advocates had been hoping for. Initially, Bitcoin responded positively to the announcement, climbing as much as 2.7% to reach $106,732. However, after the full details of the executive order were released, sentiment shifted, and the largest cryptocurrency by market value dropped nearly 4%, hitting $102,517. Since then, Bitcoin ( BTC ) has shown signs of recovery, gaining 2.1% to trade at $104,991 per coin. Read more: Why ‘Made in USA’ is the next big crypto narrative and top 5 picks for Bitcoin traders

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
534
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.