Donald Trump’s executive order sparked $1.9 billion crypto ETP inflow, Bitcoin dominates
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Crypto-focused exchange-traded products (ETPs) experienced a significant boost, recording $1.9 billion in inflows last week. This was only the second-largest weekly inflow of 2025, bringing total inflows for the year to $4.8 billion, according to the latest report by CoinShares. James Butterfill, CoinShares head of research, pointed out that this uptick may be tied to a recent executive order issued by President Donald Trump, which has spurred renewed interest in the US crypto market. The executive directive outlines plans for a federal working group to explore strategic digital asset frameworks. It also proposes creating a “strategic national digital assets stockpile.” and halting further development of central bank digital currency (CBDC) initiatives. Bitcoin leads Even though narratives around a Bitcoin Strategic Reserve appear to have been overtaken by a mixed digital asset stockpiled, Bitcoin was the primary driver of last week’s inflows, securing $1.6 billion and bringing its year-to-date total to $4.4 billion, which accounts for 92% of all crypto investment inflows this year. Moreover, trading volumes in the top asset remained robust, reaching $25 billion and representing 37% of activity on trusted crypto exchanges. Meanwhile, investment products tied to Bitcoin in the US witnessed significant participation, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for $1.45 billion of the inflows. Fidelity and Ark 21Shares followed with contributions of $202 million and $173 million. In contrast, Grayscale’s offerings reported $124 million in outflows last week, pushing its total outflows for the year to $392 million. Short-Bitcoin products also gained traction, with inflows reaching $5.1 million. Butterfill attributed this to Bitcoin’s recent price movements, which hit notable highs ahead of the presidential inauguration. Ethereum and other altcoins shine Ethereum also saw a resurgence last week, pulling in $205 million in new investments. This marks a significant turnaround for the asset, which had faced…
Filed under: News - @ January 27, 2025 2:28 pm