What happened to the investment funds circulated in Bitcoin and Ethereum after Trump took office? (Weekly summary)

Political changes in the United States became a reality, as Donald Trump officially took office on Monday, becoming the forty -seventh president of the country.

In the wake of the uncertainty preceding its inauguration, American investors became optimistic again towards the two largest encrypted currencies, with large flows towards the traded investment funds that follow both.

BTC Investment Funds on a roll

The Bitcoin boxes circulated on the stock exchange witnessed a painful period for a period of three days in the middle of the month, as it left 149.4 million dollars on January 10, 284.1 million dollars on January 13, and 209.8 million dollars on January 14. However, the scene changed, and the investors reflected their strategy.

On the next three working days, money I attracted 755.1 million dollars, 626.1 million dollars, and 1.072.8 million dollars, respectively, erasing all previous losses.

This series continued during the past week, which included only four working days. Monday was Martin Luther King’s day as well as the day of the inauguration of Donald Trump. On Tuesday, the first working day after Trump took office, investors pumped $ 802.6 million in the investment funds circulating for the instant bitcoin. Blackrock, IBIT, topped the group with $ 661.9 million.

The net flows for the following three days amounted to 248.7 million dollars, 188.7 million dollars, and 517.7 million dollars. In general, the week ended with net stunning flows of 1,757.7 million dollars. Moreover, this raises the seven working days chain that started on January 15 to more than $ 4.2 billion.

Despite the net flow of 1.7 billion dollars during the past week, the bitcoin price stands mainly at the same point that it had last Sunday at a little less than $ 105,000.

What about ETH Investment Funds?

Ethereum’s investment funds also witnessed a difficult period in the middle of the month, but the red line was broken on January 14 with small flows of $ 1.2 million. January 16 was an amazing day, when it was 166.6 million dollars entrance Money.

The past work week was also green in general, with $ 74.4 million in ETF boxes circulated on Tuesday, $ 70.7 million on Wednesday, and $ 9.2 million on Friday. The small external flow of $ 14.9 million on Thursday was unable to break the weakness, which ended with net flows of $ 139.4 million.

Although this number is much lower than BTC ETFS boxes, the ETH price was much better during this time frame. The second largest encrypted currency has increased by more than 4 % since last Sunday and was traded by more than $ 3300.