What happened to Bitcoin, Ethereum ETF after Trump took office? (Weekly summary)

Political changes in the United States are a fact since Donald Trump was officially inaugurated on Monday, becoming the country's 47th president.

After uncertainty ahead of their inauguration, US investors have once again turned bullish towards the two largest cryptocurrencies, with substantial inflows towards tracking ETFs.

btc ETF on a roll

bitcoin Spot 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, this is when the landscape changed, and investors reversed their strategy.

In the next three business days, the funds <a target="_blank" href="https://farside.co.uk/bitcoin-etf-flow-all-data/” data-wpel-link=”external” target=”_blank”>attracted $755.1 million, $626.1 million and $1,072.8 million, respectively, erasing all previous losses.

This streak continued into last week, which only had 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 ETF. BlackRock's IBIT led the pack with $661.9 million.

Net receipts 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. Additionally, this brings the seven-company day streak that began on January 15 to over $4.2 billion.

Despite $1.7 billion in net inflows over the past week, the btc price is essentially where it was last Sunday at just under $105,000.

What about eth ETF?

ethereum ETFs also had a rocky period in the middle of the month, but the red streak was broken on January 14 with a small inflow of $1.2 million. January 16 was an impressive day, with $166.6 million <a target="_blank" href="https://farside.co.uk/eth/” data-wpel-link=”external” target=”_blank”>entertainment the funds.

Last trading week was also in the green overall, as $74.4 million was inserted into the eth ETF on Tuesday, $70.7 million on Wednesday, and $9.2 million on Friday. A paltry outflow of $14.9 million on Thursday failed to break the weak, which ended with $139.4 million in net inflows.

Although this number is substantially lower than that of btc ETFs, eth price has performed much better within this time frame. The second-largest cryptocurrency has risen by more than 4% since last Sunday and is trading well above $3,300.

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