💰 Trump’s Reign Ignites Crypto Gold Rush! 🌴ETFs Flooded with $1.9B 🤑

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  • Oh, what a week it has been! Over $1.9 billion has been poured into Bitcoin and Ethereum ETFs, marking the dawn of Trump’s second act on the grand stage.
  • While Ethereum ETFs sparkle with potential, dear Bitcoin remains the belle of the ball amidst market waltzes and the flirtatious glances of institutions.

Dearest reader, prepare to be dazzled! In the opening act of Donald Trump’s encore as President, the United States was treated to a spectacle of investment fervor, with a staggering $1.9 billion pouring into Bitcoin [BTC] and Ethereum [ETH] exchange-traded funds (ETFs). Quite the fanfare for the so-called “Trump Trade,” wouldn’t you agree? Investors are rallying around the administration’s pro-market narrative like bees to honey.

Bitcoin ETFs: Breaking Records and Hearts 💔

Per the wise scribes at SoSoValue, BTC ETFs have been showered with affection, recording $517.67 million in net inflows by the 24th of January. This adds up to a grand total of $1.76 billion for the week, building upon the $1.96 billion inflow prior to Trump’s coronation.

And who leads this dance of riches? None other than Fidelity’s FBTC, capturing hearts with $186.07 million in net inflows on the 24th of January. Its cumulative inflows now stand at a princely sum of $13.04 billion, elevating its net assets to a cool $22.5 billion. FBTC, you’ve certainly captured our attention, haven’t you?

ARK 21Shares’ ARKB follows closely, charming us with $168.71 million in net inflows. Its total inflows now amount to $2.96 billion, with net assets of $5.41 billion. A fine suitor indeed!

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BlackRock’s IBIT reigns supreme, accumulating $155.69 million in inflows. Its cumulative inflows have reached $39.73 billion, securing a fortune of $60.62 billion in net assets. Truly, a king among men!

Grayscale Bitcoin Mini Trust and WisdomTree Bitcoin Trust (BTCW) made their own contributions, albeit smaller, with $13.01 million and $2.79 million, respectively. Every little bit helps, after all.

Alas, the Bitwise Bitcoin ETF experienced an unfortunate turn, facing $8.6 million in outflows. It seems not everyone is dancing to the same tune, my dear.

Ethereum ETFs: The Understated Prince 👑

Our prince, Ethereum ETFs, experienced modest gains last week, with $9.18 million in net inflows. This brings the cumulative total for the week to $139.32 million. A pre-inauguration week had seen a more robust $211.97 million in inflows. Our prince, ever the quiet one.

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Bitwise’s Ethereum ETF (ETHW) led the way, securing $6.01 million in inflows, boosting its cumulative total to $351.69 million. Invesco Galaxy Ethereum ETF (QETH) and 21Shares Core Ethereum ETF (CETH) also joined the party, adding $1.99 million and $1.17 million, respectively.

ETH’s positioning against BTC has become a topic of discussion. While Bitcoin appears to be the favored child, Ethereum’s potential in DeFi and tokenized assets offers a different kind of allure. With over $5 billion attracted since November 2024, our prince may yet make his mark.

Will the Party Last? 🥳

However, the latest data from Farside Investors reveals a twist in the tale. Both Bitcoin and Ethereum ETFs faced outflows on the 27th of January. Bitcoin lost $456.7 million, while Ethereum ETFs shed $136.2 million. Will the Trump-inspired bull market continue, or will it fade like the morning dew?

Only time will tell if the momentum continues or if we’re merely witnessing a fleeting romance. Until then, dear reader, let us enjoy the dance while it lasts.

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2025-01-28 20:11