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Cryptocurrency News Articles

Bitcoin and Ethereum ETFs See Robust Inflows as the Market Receives Bullish Sentiment Following Donald Trump's Upcoming Presidential Inauguration

Jan 20, 2025 at 01:30 am

Between January 13 and 17, 2025, a significant soar in spot ETF inflows has been seen in the cryptocurrency market.

Bitcoin and Ethereum ETFs See Robust Inflows as the Market Receives Bullish Sentiment Following Donald Trump's Upcoming Presidential Inauguration

Cryptocurrency market observed a substantial surge in spot ETF inflows between January 13 and 17, 2025, with Bitcoin ($BTC) and Ethereum ($ETH) capturing the attention of investors. During the week, Bitcoin ETFs recorded $1.86 billion in inflows, while $211.9 million poured into Ethereum ETFs.

As per SpotOnChain, an on-chain crypto analytical platform, the inflows were tracked via its official X account.

Bitcoin ETFs experienced inflows on three of the five trading days, with a significant uptick in the latter half of the week. This development coincides with the optimism surrounding the cryptocurrency market following Donald Trump's upcoming presidential inauguration.

The strong performance of Bitcoin ETFs, with $1.86 billion in inflows, suggests a growing appeal for digital gold. Participants in the crypto market may be viewing this inflow as a hedge against the uncertainty in the macroeconomic conditions.

Ethereum ETFs, on the other hand, experienced inflows on four of the five trading days, showcasing a steady performance. The figure, $211.9 million, highlights the growing demand for Ethereum ETFs, which positions it as a key player in the innovation of decentralized finance and smart contracts.

In comparison to Bitcoin, the $211.9 million in inflows for Ethereum ETFs may seem modest. However, given the platform's smaller size, the ETFs continuous traction underscores the confidence of investors in Ethereum and its potential.

Overall, the crypto market is reacting positively to Donald Trump's presidential impact, with the ETFs inflow indicating the strong confidence of investors in the crypto landscape. Analysts expect this trend to continue setting the stage for substantial growth and a strong position for cryptocurrencies in the financial markets worldwide.

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Other articles published on Jan 20, 2025