Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto ETFs attract $1.9B amid Trump's first week

Crypto ETFs attract $1.9B amid Trump's first week

GrafaGrafa2025/01/28 05:30
By:Isaac Francis

In the week following President Donald Trump's inauguration, cryptocurrency investment products experienced significant inflows, totaling nearly $2 billion.

This surge reflects a growing interest in digital assets as attitudes toward emerging technologies shift in Washington, D.C.

According to CoinShares data, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) exchange-traded funds (ETFs) attracted $1.9 billion during the seven days ending January 25, marking a slight decline of 13% from the previous week.

Notably, Bitcoin accounted for more than 80% of these inflows, bringing in approximately $1.6 billion.

So far this year, investors have funneled $4.8 billion into digital asset products.

James Butterfill, Head of Research at CoinShares, noted that interest in these products surged after Trump’s inauguration.

The crypto market saw a rebound as Bitcoin prices briefly exceeded $102,000, despite a prior dip below the $100,000 mark.

This recovery followed volatility linked to announcements from AI firm DeepSeek.

Trump's administration has signaled a supportive stance towards cryptocurrencies, with the president signing an executive order aimed at establishing a Presidential Working Group on Digital Asset Markets.

This initiative includes exploring a national Bitcoin reserve and indicates a potential shift in regulatory approaches.

“As a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin… trading volumes were high,” Butterfill commented on the trading volumes.

While Bitcoin ETFs thrived, Ethereum products saw lower inflows, with only $205 million recorded last week.

Other cryptocurrencies like XRP (CRYPTO:XRP) and Solana (CRYPTO:SOL) also experienced reduced interest compared to prior weeks.

Overall, the divergence in performance between Bitcoin and Ethereum ETFs highlights shifting investor sentiment within the cryptocurrency market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

The Daily: Quest to find bitcoin fortune in garbage dump continues, Dave Portnoy's memecoin antics and more

James Howells, a resident of Newport, South Wales, plans to buy the landfill where he believes his lost £620 million ($768 million) bitcoin fortune is still buried, despite a UK judge dismissing his case last month.Eric Council Jr. pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud related to the hack of the Security and Exchange Commission’s social media account in January 2024.

The Block2025/02/10 19:00