Bitcoin and Ethereum ETFs Surge on Trump Trade

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Bitcoin and Ethereum ETFs Surge on Trump Trade
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Bitcoin and Ethereum ETFs saw a significant influx of $1.9 billion in weekly inflows, fueled by investor enthusiasm for Trump's pro-market stance. While Bitcoin ETFs remain dominant, Ethereum ETFs are gaining traction, attracting institutional interest and potentially challenging Bitcoin's dominance in the future.

Bitcoin and Ethereum ETFs saw $1.9 billion in weekly inflows as Trump’s pro-market stance fueled investor enthusiasm and momentum. Ethereum ETFs show promise, but Bitcoin remains dominant amid market fluctuations and institutional interest.

The week closed strongly for Bitcoin ETFs, with Fidelity’s FBTC leading by securing $186.07 million in net inflows on the 24th Jof anuary. Meanwhile, BlackRock’s IBIT dominated the BTC ETF landscape, amassing $155.69 million in inflows. This drove its cumulative inflows to $39.73 billion, securing $60.62 billion in net assets.

Other funds like the Invesco Galaxy Ethereum ETF and 21Shares Core Ethereum ETF also saw modest inflows of $1.99 million and $1.17 million, respectively.

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