On January 20, 2025, US President-elect Donald Trump’s first day back at the White House, could see him sign a variety of executive orders that might significantly impact the crypto industry.
According to the Washington Post, the Presidential orders would focus on important topics like crypto de-banking and the contentious bank accounting rule that mandates financial institutions to categorise cryptocurrency holdings as liabilities.
Crypto supporters have expressed worries about “Operation ChokePoint 2.0” which opponents claim has pushed banks to cut links with the cryptocurrency industry during President Joe Biden’s administration. Moreover, the Biden administration has faced criticism for the 2022 Securities and Exchange Commission (SEC) directive (SAB 121) that mandates banks holding crypto to treat digital assets as liabilities, a stance crypto executives want overturned.
With plans to enact crypto-friendly policies, Trump’s team sees this as a high-priority area in his second term. Industry insiders expect at least one crypto-related executive order on day one of his presidency.
$47M Inflows Into Crypto ETPs Amid Bitcoin’s Recent Sell-off
Despite a significant sell-off in Bitcoin investments, cryptocurrency exchange-traded products (ETPs) recorded net inflows of $47 million during the week of January 6-10, 2025, according to CoinShares.
These inflows were largely offset by $940 million in outflows, driven by new macroeconomic data signalling a strengthening US economy.
With $799 million in inflows so far this year, Bitcoin investment products continue to be the best-performing investment for 2025, with $213 million in weekly inflows. As Bitcoin’s assets under management (AUM) decreased by 3.5 per cent, following the sell-off.
However, Ethereum had the biggest withdrawals, amounting to $256 million, which were mostly caused by a sell-off in the IT sector as a whole. However, XRP experienced a surge in inflows, amounting to $41 million, fuelled by optimism ahead of the US SEC’s upcoming appeal deadline in the Ripple case.
BlackRock Launches Bitcoin ETF in Canada
Global asset management company BlackRock has formally introduced the Bitcoin exchange-traded fund (ETF) on the Cboe Canada stock exchange.
The purpose of the iShares Bitcoin ETF is to give Canadian investors access to the iShares Bitcoin Trust (IBIT) a well-known US spot Bitcoin fund managed by BlackRock.
This marks the firm’s entry into the Canadian Bitcoin ETF market, where several similar products already exist. With this new fund, investors can gain Bitcoin exposure without the complexities associated with directly holding the cryptocurrency. The ETF will be traded under the ticker IBIT, alongside BlackRock’s US product.
The firm’s US Bitcoin fund has gained significant attention, drawing over $37 billion in net inflows since its launch in early 2024. Analysts forecast continued strong growth for Bitcoin ETFs in 2025, with estimates suggesting up to $48 billion in additional inflows this year.
