Inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) increased by 475% last week, reaching over $1.8 billion. This surge was driven by expectations of a more crypto-friendly administration under President-elect Donald Trump. The ETFs initially experienced two days of outflows, but then absorbed all of the outflows with an inflow of over $2.3 billion as Bitcoin's price rose back above $100,000. Trump has previously expressed plans to establish a government strategic Bitcoin reserve and there are rumors that he may designate crypto as a national priority with an executive order. The positive sentiment led to substantial inflows on Friday, with BlackRock's IBIT and Fidelity's FBTC being the top performers. The total trading volume for the 12 Bitcoin ETFs reached $5.44 billion on January 17. Despite volatility in the broader crypto market, Bitcoin recovered some of its losses due to optimism surrounding Trump's anticipated crypto executive order and hopes for a supportive regulatory environment. At the time of writing, Bitcoin was trading at $102,502 per coin.



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