Trump’s Crypto Executive Orders Drive $1.9B Inflows Into Cryptocurrency Investment Funds

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Cryptocurrency
exchange-traded
products
(ETPs)
managed
by
firms
like
BlackRock,
Bitwise,
Fidelity,
Grayscale,
ProShares,
and
21Shares
saw
net
inflows
of
$1.9
billion
last
week
following
Trump’s
recent
crypto
executive
orders,
according
to
CoinShares.


On
January
23,
President
Donald
Trump
signed
an
executive
order,
establishing
the
“Presidential
Working
Group
on
Digital
Asset
Markets.”
The
group
will
focus
on
developing
a
federal
regulatory
framework
for
digital
assets
and
explore
the
creation
of
a
“strategic
national
digital
assets
stockpile.”


James
Butterfill,
Head
of
Research
at
CoinShares,
said
in
a
Monday



report


that
the
executive
order
built
investor
confidence,
leading
to
no
net
outflows
from
global
digital
asset
investment
products
last
week.

Bitcoin
And
U.S.-Based
Funds
Dominate


Bitcoin-based
crypto
ETPs
attracted
$1.6
billion
in
inflows
last
week,
accounting
for
the
majority
of
total
inflows.
As
the
top-performing
crypto
funds
this
year,
Bitcoin
continues
to
dominate
inflows.
Bitcoin
reached
$4.4
billion,
or
92%
of
all
crypto
ETP
inflows,
CoinShares’
Head
of
Research,
James
Butterfill,
mentioned
in
the
update.


Furthermore,
U.S.-based
crypto
funds
took
the
lead,
making
up
$1.7
billion
of
the
net
weekly
inflows.
In
Switzerland,
Canada,
and
Germany,
digital
asset
investment
products
experienced
net
inflows
of
$35
million,
$31
million,
and
$23
million,
respectively.


Ethereum-based
funds
rebounded,
with
net
inflows
of
$205
million.
Last
week,
U.S.
spot
Ethereum
ETFs
made
up
$139.4
million
of
this
total.


Since
mid-November,
XRP
investment
products
have
seen
strong
inflows,
adding
$18.5
million
to
a
total
of
over
$500
million.


Solana,
Chainlink,
and
Polkadot
funds
also
saw
significant
inflows,
with
$6.9
million,
$6.6
million,
and
$2.6
million,
respectively.


Even
though
there
were
positive
inflows
last
week,
the
crypto
market
dropped
on
Monday,
with
investors
selling
off
their
holdings.


After
hitting
an
all-time
high
of
around
$109,000
on
January
20,
Bitcoin
dropped
below
$100,000.
During
this
drop,
traders
experienced
$850
million
in
liquidations.


Currently,
Bitcoin
is
trading
for
$101,283,



according
to
CoinGecko
.

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