Bitcoin ETFs face slowdown as Trump’s crypto government order falls brief on BTC-specific strategic reserve

Inflows into spot Bitcoin ETFs within the U.S. remained sluggish on Jan. 23 as President Donald Trump’s efforts to kind a working group on digital belongings underneath an government order failed to satisfy market expectations.

Based on knowledge from SoSoValue, the 12 spot Bitcoin ETFs recorded $188.65 million in internet inflows on Thursday, marking their fourth consecutive day of declining inflows because the starting of the week, after they recorded over $1 billion in inflows.

BlackRock’s IBIT attracted the lion’s share of inflows, totaling $154.6 million, main Bitcoin ETFs in inflows for the fifth consecutive day whereas Bitwise’s BITB adopted with inflows of $42.15 million.

Extra modest inflows that contributed to the constructive momentum got here from Invesco Galaxy’s BTCO, Grayscale’s mini Bitcoin Belief, Constancy’s FBTC and ARK 21Shares’ ARKB which logged inflows of $12.38 million, $11.9 million, $9.16 million and $8.35 million respectively.

Grayscale’s GBTC, which stood out as the one outlier on the day, recorded $49.94 million in outflows, offsetting a few of the inflows from the opposite ETFs. The remaining 5 BTC ETFs noticed zero inflows.

The overall day by day buying and selling quantity for Bitcoin funding autos reached $9.59 billion on Jan. 23, marking the second-highest stage ever recorded, simply behind the $10.39 billion peak seen on March 5.

Notably, the dip in inflows to Bitcoin ETFs coincided with a shift in Bitcoin’s value momentum after President Donald Trump signed an government order on Thursday that’s aimed toward establishing a working group targeted on digital belongings that fell in need of expectations.

Whereas the order got down to advise the White Home on digital asset coverage and consider the creation of a government-held digital asset stockpile—comprising cryptocurrencies seized throughout investigations—it stopped in need of establishing a devoted strategic Bitcoin reserve, a transfer many crypto advocates had been hoping for.

Initially, Bitcoin responded positively to the announcement, climbing as a lot as 2.7% to achieve $106,732. Nevertheless, after the complete particulars of the chief order have been launched, sentiment shifted, and the most important cryptocurrency by market worth dropped almost 4%, hitting $102,517. Since then, Bitcoin (BTC) has proven indicators of restoration, gaining 2.1% to commerce at $104,991 per coin.