{"id":8354,"date":"2025-01-20T21:30:24","date_gmt":"2025-01-20T21:30:24","guid":{"rendered":"https:\/\/icobench.com\/?p=8354"},"modified":"2025-01-20T21:30:24","modified_gmt":"2025-01-20T21:30:24","slug":"bitcoin-etfs-see-1-9bn-in-capital-inflows-as-btc-rose-by-12-in-the-past-7-days","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/bitcoin-etfs-see-1-9bn-in-capital-inflows-as-btc-rose-by-12-in-the-past-7-days","title":{"rendered":"Bitcoin ETFs See $1.9BN in Capital Inflows as BTC Rose by 12% in the Past 7 Days"},"content":{"rendered":"
Bitcoin-linked spot exchange-traded funds (ETFs) managed to attract $1.9 billion in inflows last week ahead of Donald Trump\u2019s inaugural speech this afternoon and have netted $2.7 billion in positive capital inlays since the year started.<\/p>\n
The price of BTC has experienced an 11.8% boost year-to-date and reached a new all-time high yesterday shortly after the President of the United States announced the launch of his official celebrity token, Official Trump ($TRUMP)<\/strong>.<\/p>\n <\/p>\n Meanwhile, BTC is booking a 24-hour drop of 2.1% to stand at $103,851 at the time of writing alongside multiple other layer-one networks like Ethereum (ETH), Ripple (XRP), and Solana (SOL)<\/a>, whose native tokens are also experiencing losses of 2%, 1.7%, and 9.6% respectively.<\/p>\n Open interest in BTC futures hit a new record in 2025 as it surged to $67.2 billion. <\/strong>It seems that investors continue to be excited about the sector\u2019s prospects now that the first pro-crypto President of U.S. history has taken over the reins.<\/p>\n Rumors have been circulating since last week that Trump could draft several executive orders that provide temporary regulatory clarity to the sector for the time being as legislators keep working on bills that provide a more comprehensive legal framework.<\/p>\n In addition, sources familiar with the President\u2019s plans mentioned that he will be establishing a crypto strategic reserve. Although it appears that BTC did not make it to the list of assets to be included in this fund, it would still be a huge leap forward in terms of mainstream adoption that a country like the U.S. makes such a move.<\/p>\n Bitcoin surged to a new all-time high today of $109,356 on the winds of Trump\u2019s meme coin announcement but quickly retreated to its current levels.<\/p>\n However, thus far, the upper bound of the bullish pennant pattern that we have been observing for weeks remains intact and unbroken.<\/p>\n <\/p>\n This is a good sign and means that the pattern has not been invalidated yet. However, the trajectory for BTC to reach that $108-109K level again may be different in the following days as the volatility tied to Trump\u2019s inauguration speech is no longer present.<\/p>\n That does not necessarily mean other catalysts could still produce radical price swings. For example, any executive order that benefits the sector could once again propel BTC to new highs.<\/p>\n The Relative Strength Index (RSI) shows rising momentum<\/strong> that favors the odds of further upswings in the near future for BTC. As long as the trend line shown in the chart holds, the outlook for this digital asset is positive in the short term.<\/p>\n Donald Trump\u2019s celebrity token may have exhausted most of its upside potential already, but this Solana layer-two scaling solution is still flying under the radar of most investors, and its native asset is currently available at a heavily discounted price.<\/p>\n Solaxy ($SOLX)<\/a>, the latest innovation for the Solana blockchain, comes to solve the congestion issues caused by tokens like $TRUMP<\/strong>, which quickly ramped up transaction volumes and produced lower success rates on the mainnet.<\/p>\n The developing team has developed a sophisticated offline bundling mechanism that alleviates Solana\u2019s network activity by aggregating a larger number of transactions in a single block.<\/p>\n Both the meme coin and decentralized finance (DeFi) segments of Solana have been expanding, and the network needs the assistance of an L2 like Solaxy to deal with that kind of growth.<\/p>\n You can invest in Solaxy by buying $SOLX during its presale event. This token is available at $0.001608<\/strong> for early investors<\/strong>. However, the price rises every 48 hours to position the most loyal supporters for the highest returns.<\/p>\n To buy $SOLX, simply head to the Solaxy website<\/a> and connect your wallet. You can convert USDT, ETH, or BNB into this token or buy it using a bank card.<\/p>\nBTC Bull Pennant Pattern Still Holds Despite Latest Volatility<\/span><\/h2>\n
This L2 Solana Token Presale Could Deliver Similar Gains Than $TRUMP<\/span><\/h2>\n