Bitcoin and Ethereum ETFs Attract $1.9B During Donald Trump’s First Week in Office

Key Takeaways

• U.S. spot Bitcoin ETFs command $123.06 billion in BTC, or 5.92% of its market cap.
• Bitcoin funds have garnered $2.72 billion in net inflows over the past two weeks.
• U.S. spot Ethereum ETFs hold $12.21 billion in net assets or 3.04% of ETH’s market cap.

Week one of Donald Trump’s second term as President saw roughly $1.9 billion pour into U.S. spot Bitcoin ( BTC ) and Ethereum ( ETH ) exchange-traded funds (ETFs) as investors continue to back the “Trump Trade” phenomenon.

Bitcoin ETFs

As per SoSoValue data, Bitcoin ETFs ended last week, Jan. 24, 2025, with a sturdy $517.67 million in net inflows.

This raises the week’s total inflows to a staggering $1.76 billion, following from $1.96 billion in net inflows the week before Trump’s inauguration.

Bitcoin ETF flows. Source: SoSoValue

Ending the week on a high, Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $186.07 million in net inflows on Jan 24, raising its cumulative net inflows to $13.04 billion and net assets to $22.5 billion. FBTC is now the second-best-performing BTC fund.

The ARK 21Shares Bitcoin ETF (ARKB) captured $168.71 million, bringing its cumulative net inflows to $2.96 billion and its net assets to $5.41 billion.

It’s closely followed by leading BTC ETF, BlackRock’s iShares Bitcoin Trust (IBIT), which garnered $155.69 million in net inflows.

BlackRock’s BTC ETF has seen an absurd $39.73 billion in cumulative net inflows and now commands an enormous $60.62 billion in net assets.

Grayscale Bitcoin Mini Trust posted humble inflows of $13.01 million. It’s followed by a rare appearance from the WisdomTree Bitcoin Trust (BTCW), which tallied a cool $2.79 million in net inflows.

The Bitwise Bitcoin ETF was the only fund to post outflows, shedding $8.6 million in exits.

Ethereum ETFs

According to SoSoValue, Ethereum ETFs ended last week with a modest win and posted $9.18 million in net inflows, raising the week’s cumulative net inflows to $139.32 million.

This follows a decent pre-inauguration week of inflows totaling $211.97 million.

Ethereum ETF flows. Source: SoSoValue

It was an oddly quiet day for ETH funds, as top performers BlackRock and Fidelity were curiously absent from the day’s results. Instead, it was a day for the smaller funds to shine.

Leading the pack, the Bitwise Ethereum ETF (ETHW) posted $6.01 million in net inflows, raising its cumulative net inflows to $351.69 million. Ranked fourth for cumulative flows, ETHW is ranked fifth for net assets, with $357.93 million under its command.

The Invesco Galaxy Ethereum ETF (QETH) made an exceptionally rare appearance, securing $1.99 million on its first activity day since Dec. 19, 2024. This would also mark its first inflow since Nov. 14, 2024,

Finally, the 21Shares Core Ethereum ETF (CETH) notched $1.17 million in net inflows, raising its cumulative net inflows to $11.4 million.

Similarly to QETH, the 21Shares ETH fund hasn’t seen a day of action since Dec. 12 and has barely seen just over a dozen days of inflows since launching.