This week, the Bitcoin spot ETF increased its holdings by 16,997.95 BTC, of which BlackRock's IBIT accounted for 68%

Odaily Planet Daily reports that Deribit's Asia-Pacific business head, Lin Chen, posted on X stating that this week saw a net inflow into BTC ETFs, with a total weekly net inflow of $1.759 billion and an increase of 16,997.95 BTC. With Trump taking office on Monday, market sentiment continues to surge due to FOMO. Notably BlackRock increased its holdings by 12,708.5 coins this week, accounting for 68% of the total increase in holdings. The current price is fluctuating around $104500 with a greed index at 73.

His analysis pointed out that after Trump took office and abolished SAB121, it will promote future market development and expects BTC to hit again $110000.