Bitcoin, Ethereum ETFs Attract Record Inflows Despite Market Volatility, Policy Uncertainty – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Bitcoin BTC/USD and Ethereum ETH/USD spot ETFs registered inflows of $3.26 billion and $74.43 million, respectively, over the past four days.

The surge comes despite President Donald Trump‘s unexpected omission of crypto-talk in his inauguration speech and the following volatility in the cryptocurrency market.

The record inflow occurred on Jan. 17, Sosovalue data shows. Some $1.08 billion flowed into various Bitcoin funds. On Jan. 21, the inflows were $802.5 million.

Bitcoin ETFs

BlackRock’s iShares Bitcoin Trust IBIT gained the most with $661.86 million net inflows.

Grayscale’s Bitcoin Mini Trust BTC saw an inflow of $136.39 million

ARK 21Shares Bitcoin ETF… Read more on Benzinga

Republicans seek to overturn IRS crypto broker rule

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Congressional Republicans are working to reverse new IRS guidelines that require so-called “custodial brokers” to report transactions. 

Rep. Mike Carey and Sen. Ted Cruz this week introduced corresponding resolutions seeking to “roll back the disastrous IRS broker rule.” 

The legislation comes weeks after a group of crypto lobbying firms sued the IRS over the rule. They claim the requirement “exceeds the agencies’ statutory authority, violates the Administrative Procedure Act (“APA”) and is unconstitutional.” 

As it currently stands, starting in 2025, custodial…

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