US Bitcoin spot exchange-traded funds returned to inflows on January 16, as Bitcoin consolidated its position above $100,000 ahead of President-elect Donald Trump's inauguration.

according to Data From SoSoValue The 12 Bitcoin ETFs recorded inflows of $626.15 million on Thursday, expanding their streak of inflows for the second day in a row, with more than $1.3 billion entering the funds during the period.

BlackRock's IBIT attracted the lion's share of inflows yesterday, attracting $527.87 million from investors after a day of relatively weak inflows for the fund. The asset manager's Spot Bitcoin ETF currently holds $56.22 billion worth of Bitcoin, representing about 2.64% of the total asset supply.

ARK and 21Shares' ARKB then followed with an inflow of $155.44 million, while more modest inflows came from VanEck's HODL, Fidelity's FBTC, and Bitwise's BITB funds, which saw inflows of $5.68 million, $4.39 million, and $2.74 million. to the boxes, respectively.

Grayscale's GBTC was the only Bitcoin ETF to buck the trend, as the fund saw an outflow of $69.97 million per day, partially offsetting the inflows recorded by the other funds. The remaining six Bitcoin ETFs saw no movement during the day.

The total trading volume of the 12 Bitcoin ETFs reached $2.74 billion on January 16, well below the $3.18 billion recorded the previous trading day.

Meanwhile, inflows were recorded as Bitcoin briefly rose above $102,000, strengthening its position. Position above $100,000 This occurred amid a broad market bull run fueled by expectations that after US President-elect Donald Trump is inaugurated into the Oval Office, the next administration will... Dropping non-fraud-related encryption issues And adopt a more favorable regulatory stance towards digital assets.

Moreover, the self-proclaimed crypto-friendly president has done so as well Announce It plans to make cryptocurrencies a national priority and has considered creating a government Strategic stock of bitcoinsimilar to the gold and oil reserves located in the United States to enhance the financial landscape in the United States.

At the time of writing, Bitcoin (Bitcoin) is still up 2%, trading at $101,408 per coin.