Meme Index Raises $2.6M as Trading Peaks At $2.2B
The post Meme Index Raises $2.6M as Trading Peaks At $2.2B appeared on BitcoinEthereumNews.com.
Donald Trump’s inauguration yesterday has ushered in a new crypto-friendly era in the US and, by extension, around the world. That’s the general opinion, at least – and it’s clearly what leading financial institutions believe. Those same institutions saw over $2.2B flow into various digital asset investment vehicles leading up to Trump’s inauguration. That’s the high-water mark of 2025 and marks just how bullish financial institutions have become on crypto in a Trump presidency. All of this sets the stage for utility meme coins like Meme Index to soar. Institutional Investment Reaches New Heights Institutional investors poured $2.2B into cryptocurrency products over the past week; year-to-date (YTD) inflows have now reached $2.8B, with total assets under management (AuM) hitting an all-time high of $171B. The US led the charge, accounting for $2B of the inflows, followed by Switzerland (still a leading international finance hub) and Canada with $89M and $13M, respectively. Reading between the financial lines highlights a number of key takeaways: Crypto investors are incredibly bullish on a Trump presidency America’s regulatory framework – and now Trump – has set the tone for the rest of the world 80% of the YTD inflow in a single week shows how fast money can pour into crypto Unless Trump changes his pro-crypto stance – unlikely, since the president and first lady both now have their own meme coins – the outlook for crypto in the US will remain bullish for the foreseeable future. As for the cryptocurrencies themselves, Bitcoin remains the front runner, attracting $1.9B of new investments and pushing its YTD inflows to $2.7B. Ethereum also saw renewed interest, with $246M in inflows, reversing earlier outflows. XRP products continued their strong performance, recording $31M in inflows, bringing their total to $484M since November 2024. Financial Institutions Increasingly Adopt Crypto: $MEMEX…
Filed under: News - @ January 21, 2025 4:26 pm