Inflows into spot Bitcoin exchange-traded funds (ETFs) in the U.S. slowed down on February 5th following remarks from Trump's crypto policy advisor about the potential implementation of a national strategic Bitcoin reserve. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded $66.38 million in net inflows on Wednesday, 80% lower than the $340.82 million inflows seen the day before. The majority of inflows went into BlackRock's IBIT fund. The dip in inflows is likely due to uncertainty surrounding the government's stance on a U.S. strategic Bitcoin reserve. The nine spot Ethereum ETFs also saw a drop in net inflows, with Fidelity's FETH leading the way.
Content Editor ( crypto.news )
- 2025-02-06
Bitcoin ETF inflows cool off amid uncertainty over Trump’s strategic BTC reserve plans
