Former US President Donald Trump began his second period last week. In this process, there was a major increase in investments in Bitcoin and Ethereum ETFs. Crypto currency investors, the Trump administration affected by the pro -market attitude of the trust in the first week, these ETFs brought the flow of $ 1.9 billion funds.
Crypto Money Market by Trump: Bitcoin ETFs break a record
According to data from Sosovalue, as of January 24, Bitcoin ETFs were a net entry of $ 517.67 million. This amount carried the total amount of entry per week to $ 1.76 billion. An entrance of $ 1.96 billion was recorded week before Trump’s start of office, and this trend continued in the new period.
Fidelity’s FBTC ETF achieved a net entry of $ 186,07 million on January 24, reaching a total of $ 13.04 billion entry. This ETF, which rose to $ 22.5 billion, has come to the fore as one of the most successful Bitcoin funds.
Ark 21shares’ ARK FUND also drew attention with a net entry of 168.71 million dollars and provided a total of $ 2.96 billion entry. The net asset value reached $ 5.41 billion.
Another leader in the Bitcoin ETF market was Blackrock’s IBIT Fund. This fund provided a total of $ 39.73 billion accumulation by providing a $ 155.69 million entry. The net asset value reached 60.62 billion dollars.
Among the smaller ETFs, Grayscale Bitcoin Mini Trust collected $ 13.01 million, while Wisdomre Bitcoin Trust (BTCW) recorded $ 2.79 million. On the other hand, Bitwise Bitcoin ETF was the only fund to damage the general positive picture by experiencing an exit of $ 8.6 million.
Ethereum ETFs performed more modestly
Ethereum ETFs exhibited a more limited growth last week. The net entrance amount was recorded as 9.18 million dollars, while the total entrance per week reached $ 139.32 million. However, considering that Trump had $ 211.97 million entrance to these funds before the task, the performance of the ETHereum ETFs is slightly behind.
Bitwise’s Ethereum ETF (ETHW) has achieved a net entry of $ 6.01 million and reached a total of 351.69 million dollars. Invesco Galaxy Ethereum ETF (QETH) and 21shares Core Ethereum ETF (Ceth) recorded modest entrances of $ 1.99 million and $ 1.17 million respectively.
Ethereum’s potential for use in areas such as decentralized finance (defi) and tokecination continues to attract corporate investors. Since November 2024, there has been a total flow of funds of more than $ 5 billion for ETHERUM ETFs. However, the less interest in Bitcoin may be due to investors prefer BTC as a safer option.
Will the momentum continue?
According to the latest data released on January 27, Bitcoin ETFs took place 456.7 million dollars and Ethereum ETFs $ 136.2 million. This raises some questions about the sustainability of the rise that started with the Trump administration.
Investors closely follow closely whether the momentum of these ETFs will continue and whether stability in the markets can be achieved. The performance of Bitcoin and Ethereum ETFs may play a decisive role on the general aspect of the market.
