Transaction URL: https://blockchain.com/btc/tx/40d6431f17e5715b0f630d8f6989b066f748dc7b8d472fb32667f93c17942036
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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
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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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As expected, Donald Trump has backed off a bit on the ambitious tariff goals he touted on the campaign trail.
“I think we’ll do it Feb. 1,” Trump said during a Monday press conference, referring to tariff increases on Canada, Mexico and China.
While he did not comment on specific timing or pace of tariffs, based on conversations with Stephen Miran, head of Trump’s council of economic advisors, we expect to see tariffs increase by around 2% to 5% per month.
The first time Trump proposed 25% tariffs on China was back in 2018. What ended up actually happening was a ~17%…
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If you’ve been reading Forward Guidance, you know the last few days in crypto land have been — to put it mildly — eventful.
Bitcoin surged to a new all-time high the day Donald Trump was sworn in. After a pullback, BTC’s price rebounded yesterday to $107,000. BTC hovered around $104,200 at 1:30 pm ET.
Despite a lack of crypto-specific executive orders, optimism stemmed from word of a new Hester Peirce-led SEC crypto task force.
Those watching the space know Peirce’s name; Wormhole Foundation general counsel Cathy Yoon called it “a relief” that she would guide this…
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