Since the approval of the Bitcoin spot ETF in early 2024, ETF volumes have been steadily increasing, leading to a significant price increase. By the end of 2024, Bitcoin reached an all-time high of $108K.

The Trump administration’s policies, which will take effect on January 20, 2025, may provide additional stimulus to the market. Regulatory liberalization and a favorable environment for cryptocurrencies in the US are likely to attract more institutional investors, increasing interest in Bitcoin ETFs.

However, if ETF inflows slow down, Bitcoin’s growth may weaken. In Q2 2024, the slowdown in inflows coincided with a period of price stagnation. A similar situation in 2025 may lead to short-term corrections.

Investors should monitor ETF trends and macroeconomic changes to better navigate market dynamics.