Bitcoin and Ethereum ETFs Drive $2B Inflows as Trump Inauguration Ignites Market Buzz
The post Bitcoin and Ethereum ETFs Drive $2B Inflows as Trump Inauguration Ignites Market Buzz appeared on BitcoinEthereumNews.com.
Between January 13 and 17, 2025, a significant soar in spot ETF inflows has been seen in the cryptocurrency market. With this, Bitcoin ($BTC) and Ethereum ($ETH) have captured the traction of investors. This week, Bitcoin ETFs have recorded $1.86 billion in inflows while $211.9 million poured into Ethereum ETFs. 🇺🇸 Spot ETF: 🟢$1.86B to $BTC and 🟢$211.9M to $ETH🗓 Week: 13 to 17 Jan, 2025 👉 BTC ETFs saw inflows on 3 of the 5 trading days, while ETH ETFs saw inflows on 4 of the 5 trading days. 👉 Bitcoin ETFs experienced a surge in net inflow during the latter half of the week as… pic.twitter.com/K7BBTJdrhw — Spot On Chain (@spotonchain) January 19, 2025 Through this robust activity, the cryptocurrency market has received bullish sentiment following Donald Trump’s upcoming presidential inauguration. SpotOnChain, an on-chain crypto analytical platform, has witnessed the inflows via its official X account. The Leading Nature of Bitcoin ETFs During this week, on three out of five trading days, Bitcoin ETFs experienced wide inflows. In the latter half of the week, the coin’s ETFs saw a significant uptick. With this advancement, the new optimism surrounds the cryptocurrency market with the traders seeming eager to capitalize. This development is fueled by the favorable economic conditions in the administration of Trump. There is $1.86 billion advancement towards Bitcoin, suggesting a growing appeal for digital gold. The participants of the crypto market consider this inflow as a hedge against the uncertainty in the macroeconomic conditions. Ethereum ETFs Experience a Steady Growth Ethereum ETFs experience inflows on four out of the five trading days, enjoying a steady performance. The figure, $211.9 million, underscores the growing demand for Ethereum ETFs. It further positions it as a key player in innovative decentralized finance and smart contracts. As compared to Bitcoin, $211.9…
Filed under: News - @ January 19, 2025 7:14 pm