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In January, spot Bitcoin 
$108,798 exchange-traded funds (ETFs) in the United States attracted over $5 billion in investments. This marked a significant rise from the total of $4.53 billion entered by the end of December 2024. The major influx, led by BlackRock and Fidelity, indicates ongoing investor interest in cryptocurrencies. Matt Hougan, chief investment officer at Bitwise, suggested there could be over $50 billion in inflows throughout the year. Despite this, Bitcoin’s (BTC) price faced a 4.2% drop in the last 24 hours, trading around $95,500, while Ethereum (ETH) 
$2,716 fell by 16.5% to $2,591.
BlackRock and Fidelity Lead the Investments
BlackRock’s IBIT fund received the highest investments in January, growing by $3.23 billion to reach total assets of $59.39 billion. At the end of December, the fund’s total investment was $51.72 billion, indicating an impressive $7.67 billion increase within a month.
Fidelity’s FBTC fund also garnered significant investor interest, receiving $1.28 billion in January and raising total assets to $21.76 billion. This represents a considerable rise from the $18.87 billion that was reported at the end of December.
The investment flow into the 12 spot Bitcoin ETFs traded in the U.S. reflects ongoing interest in the crypto market. However, the sustainability of this interest throughout the year remains uncertain.
Trump’s Presidency and the Cryptocurrency Market
As is known, Donald Trump returned to the White House in January. Yet, despite positive expectations ahead of the election, Trump’s failure to clearly address cryptocurrency has dampened market enthusiasm. Presto Research analyst Min Jung remarked that the lack of a definitive policy statement from Trump has created uncertainty in the market. Consequently, investor sentiment has been volatile.
Despite strong investment inflows in January, the cryptocurrency market‘s selling wave has pulled prices down. Investors are keen to see if Trump will take a clear stance on cryptocurrencies in the coming months.
