JAKARTA - Donald Trump's inauguration as President of the United States on January 21 had a significant impact on the digital asset market. Within days, the Bitcoin exchange-traded funds (ETF) in the US recorded an astonishing surge in capital inflows with a value of US$802.6 million (around Rp. 13 trillion).
According to a SoSoValue report, BlackRock's iShares Bitcoin Trust (IBIT) leads the capital inflow with a fantastic figure of US$661.9 million (Rp10.7 trillion). This made the total assets managed by IBIT soar to US$39.07 billion (Rp632 trillion), inaugurating its position as market leader of the Bitcoin ETF.
In addition to IBIT, Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF also recorded positive performance with inflows of US$7 million (Rp113.4 billion) and US$8.5 million (Rp137.7 billion), respectively.
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However, not all Bitcoin ETF products enjoy the same momentum. Bitcoin Bitcoin ETF (BITB) reported a capital outflow of 17.4 million US dollars (Rp282 billion), which was allegedly due to the take-profit action or portfolio redistribution by investors. However, overall, market sentiment remains optimistic about the trend of net inflows for four consecutive days.
This isn't the first time Bitcoin ETF in the US has recorded a significant spike. In October 2024, Bitcoin's ETF managed to attract more than 800 million US dollars in just two trading days.
Earlier, in November 2024, following Trump's announcement of a victory in the US presidential election, the price of Bitcoin shot to a new record high of over US$100,000 (Rp1.62 billion).
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