Bitcoin ETF inflows cool off amid uncertainty over Trump’s strategic BTC reserve plans

Inflows into spot Bitcoin exchange-traded funds in the U.S. slowed down on Feb. 5 following remarks from Trump’s crypto policy advisor regarding the potential implementation of a national strategic Bitcoin reserve.

According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $66.38 million in net inflows on Wednesday, 80% lower than the $340.82 million inflows seen over the previous day. The majority of inflows came into BlackRock’s IBIT with $44.35 million entering the fund. 

WidomTree’s BTCW and Fidelity’s FBTC also contributed to the positive momentum with inflows of $11.38 million and $10.65 million respectively. The nine remaining spot Bitcoin funds saw no inflows or outflows on the day.

The total trading volume for these investment products stood at $2.04 billion on Feb. 5 while the total net inflows into them since launch day stood at $40.67 billion.

Notably, the dip in inflows on Wednesday likely stemmed from a recent conversation outlining President Donald Trump’s vision for America’s digital asset landscape. During the discussion, Trump’s crypto czar failed to provide any new developments regarding the implementation of a strategic Bitcoin reserve for the nation, aside from stating that exploring the “feasibility of a strategic BTC reserve” remains a top priority for the crypto council.

The uncertainty surrounding the government’s stance on a U.S. strategic Bitcoin reserve, which Trump promised months before winning the presidential election, has led to cautious sentiment among BTC investors.

At press time, Bitcoin (BTC) was down 0.4%, exchanging hands at $97,847 per coin.

Ether ETF inflows also slumped

The nine spot Ethereum ETFs recorded a much more severe drop in net inflows, which stood at $18.11 million on Feb. 5, down from $307.77 million recorded the previous day.

Fidelity’s FETH led the way with $20.06 million in inflows, while Grayscale’s mini Ethereum Trust followed, drawing in $5.21 million from investors.

Grayscale’s larger ETHE fund was the only outlier of the day, recording a net outflow of $7.16 million. The remaining ETH ETFs remained neutral.

The spot Ether ETFs have experienced a cumulative total net outflow of $3.17 billion. At the time of publication, Ethereum (ETH) was up 2.5% and was trading at $2,835.