Digital asset investment products experienced a remarkable surge, drawing in $2.2 billion last week, fueled by the excitement surrounding Trump’s inauguration. This influx represents the largest weekly total for the year, pushing year-to-date inflows to $2.8 billion and total assets under management to an all-time high of $171 billion. Bitcoin led the charge with $1.9 billion in inflows, while Ethereum experienced a rebound with $246 million. XRP also performed well, gaining $31 million, summing up to $484 million since mid-November 2024. The US saw the majority of inflows, totaling $2 billion, with notable contributions from Switzerland and Canada. Trading volumes on exchange-traded products remained robust at $21 billion last week.
Digital Asset Investments Surge with $2.2 Billion in Inflows
Digital asset investment products have witnessed a significant surge in inflows, totaling $2.2 billion last week. This record level of investment comes amid the excitement surrounding former President Donald Trump’s inauguration, marking the largest week of inflows this year. This new data has pushed the total assets under management (AuM) for digital assets to an impressive all-time high of $171 billion.
The inflows have brought the year-to-date (YTD) total to an impressive $2.8 billion. Bitcoin has been the standout performer, attracting $1.9 billion, while Ethereum also saw increased interest with $246 million in inflows last week. Interestingly, despite the positive momentum leading to price increases, there were minor outflows from some short-positions, a shift from the usual pattern.
Key Highlights:
– Bitcoin recorded inflows of $1.9 billion, raising its YTD total to $2.7 billion.
– Ethereum’s inflows of $246 million corrected earlier outflows, although it remains the weakest performer so far this year.
– XRP continues to attract attention with $31 million in inflows, bringing its total since mid-November 2024 to an astonishing $484 million.
Regionally, the U.S. accounted for the bulk of the inflows, with $2 billion. Switzerland and Canada also contributed, registering inflows of $89 million and $13 million, respectively. The overall trading volume in exchange-traded products (ETPs) reached a staggering $21 billion, which is 34% of total Bitcoin trading volumes across reputable exchanges.
In summary, the latest Market trends highlight a growing enthusiasm for digital assets, especially amidst the political landscape changes. With record inflows and strong interest in major cryptocurrencies, it will be intriguing to see how the Market evolves in the coming weeks. For more detailed insights, check out our research blog or access the full report on fund flows.
Tags: Digital Assets, Bitcoin, Ethereum, XRP, Investments, Cryptocurrency, Trump Inauguration Euphoria
What is the Digital Asset Fund Flows Weekly Report?
The Digital Asset Fund Flows Weekly Report is a summary that shows how much money is coming in and going out of different digital asset funds. It helps investors see trends in the Market.
Who writes the report?
James Butterfill writes the report. He is an expert in the digital asset Market and shares valuable insights for investors.
Why is this report important?
This report is important because it helps investors understand the movement of money in digital assets. It can indicate whether interest in these assets is growing or shrinking.
What kind of data does the report provide?
The report provides data on inflows and outflows from various funds, analysis of Market trends, and insights into investor behavior regarding digital assets.
How can I use the information in this report?
Investors can use this information to make informed decisions. By understanding where money is flowing, you can gauge Market sentiment and adjust your investment strategies accordingly.
