Key Points
- During the first week of Trump’s second term, approximately $1.9 billion was invested in Bitcoin and Ethereum ETFs.
- Bitcoin ETFs saw significant gains, while Ethereum ETFs experienced modest increases.
The first week of Donald Trump’s second presidential term saw an extraordinary rise in investment activity. Approximately $1.9 billion was directed towards Bitcoin [BTC] and Ethereum [ETH] exchange-traded funds (ETFs).
This significant influx is reflective of the growing momentum behind the “Trump Trade” phenomenon. Investors are rallying around the administration’s pro-market stance.
Bitcoin ETFs See Record-Breaking Inflows
Data from SoSoValue reveals that BTC ETFs recorded $517.67 million in net inflows by January 24th. This contributed to a total of $1.76 billion for the week, extending the $1.96 billion influx observed before Trump’s inauguration.
Fidelity’s FBTC led the week for Bitcoin ETFs, securing $186.07 million in net inflows on January 24th. This pushed its cumulative inflows to $13.04 billion, raising its net assets to $22.5 billion. FBTC is now the second-best-performing Bitcoin fund.
ARK 21Shares’ ARKB followed closely, attracting $168.71 million in net inflows. This brought its total to $2.96 billion, with net assets of $5.41 billion. In contrast, the Bitwise Bitcoin ETF experienced $8.6 million in outflows.
Ethereum ETFs Also See Gains
Ethereum ETFs also experienced gains last week, with $9.18 million in net inflows. This brought the cumulative total for the week to $139.32 million. Bitwise’s Ethereum ETF (ETHW) led the way, securing $6.01 million in inflows.
Despite a more subdued performance compared to BTC, Ethereum ETFs have attracted over $5 billion since November 2024. As these ETFs continue to gain traction, they may exert pressure on Bitcoin’s dominance.
However, recent data shows that both Bitcoin and Ethereum ETFs faced outflows on January 27th. This raises questions about whether the bullish trend will sustain or prove short-lived. The future of these ETFs remains uncertain, with investors closely watching to see if the recent momentum continues or stalls.