NewsUS Bitcoin ETFs Explode with $588M Investment – Major BTC Rally Ahead?
Elena R31 Jan 20253 min read
On Thursday, U.S. spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) recorded a significant net cash inflow of approximately $588.22 million. This was the highest daily total since the start of the week. As a result, U.S. spot BTC ETFs have now seen a total net cash inflow of around $40.18 billion since they were approved under the previous SEC administration led by former chair gary gensler gary gensler at US Securities and Exchange Commision Gary Gensler is the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies. Quick Facts Full name Gary Scott Gensler Birth 18-10-1957, Baltimore, Maryland, United States Nationality American Education MBA from the University of Pennsylvania Marital status Married to Francesca Danieli (1986-2006) Net worth Estimated $100 million Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies. Gary Gensler - Career Highlights 1997 – Became Assistant Secretary of the Treasury. 2009 – Led CFTC, regulating financial derivatives post-2008 crisis. 2018 – Taught blockchain and crypto at MIT. 2021 – Appointed SEC Chairman, focusing on crypto regulations. 2022 – Proposed stricter rules for crypto exchanges. 2023 – Took legal action against major crypto firms. 2024 – Advocated for stronger stablecoin and DeFi regulations. Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement. Awards & Recognitions of Gary Gensler Year Institution Description 2009 U.S. Treasury Financial Regulation Leader 2018 MIT Blockchain & Crypto Educator 2021 SEC SEC Chairman Overseeing Crypto Policies 2023 Bloomberg Most Influential Regulator in Crypto 2024 Forbes Top Policy Maker in Digital Assets Useful Links to Connect With Gary Gensler Platform Link X (formerly Twitter) twitter.com/GaryGensler CFTC website Chairman Gary Gensler Chairman
Interestingly, none of the U.S. spot BTC ETF issuers saw net cash outflows on Thursday. BlackRock’s IBIT and Fidelity’s FBTC were the top performers, each attracting about $321 million and $209 million in inflows, respectively. This brings the total net assets of U.S. spot Bitcoin ETFs to approximately $123.43 billion.
Bitcoin Demand Stands Strong
Bitcoin demand has remained strong, driven in part by the growing involvement of global central banks. Beyond directly purchasing Bitcoin, many central banks are also investing in Bitcoin-related stocks, such as MicroStrategy and Metaplanet.
In the U.S. 15 states have introduced bills aimed at creating strategic Bitcoin reserves, with Texas, Florida, Massachusetts, Ohio, and South Dakota leading the charge. Meanwhile, the Trump administration is quickly advancing plans for a national Bitcoin stockpile to protect against the rapidly rising national debt, which has now surpassed $35 trillion.
Can Bitcoin Becomes as Popular as Gold?
After gold prices hit a new all-time high in the past 24 hours, Bitcoin appears to be well-positioned to follow this trend in the near future. In fact, many global investors now view Bitcoin as a better long-term store of value than gold, further boosting its appeal.
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