‘Trump Inauguration Excitement’ Drives Crypto Fund Inflows to $2.2B and AUM to ATH: CoinShares

According to CoinShares, global cryptocurrency funds operated by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares recorded net inflows of $2.2 billion last week, the largest amount so far this year. In a report on Monday, CoinShares' head of research, James Butterfill, said that the inflows were driven by the "Trump effect" ahead of the inauguration, combined with positive price movements in the market last week, pushing Assets Under Management at the funds to a new all-time high of $171 billion. The Trading Volume for ETP products globally also remained high at $21 billion last week, accounting for 34% of total Bitcoin trading volume on trusted exchanges, Butterfill noted. It's no surprise that US-based crypto funds led the region, generating $2.1 billion in weekly net inflows. Digital asset investment products in Switzerland and Canada also saw net inflows of $88.9 million and $13.4 million, respectively. However, funds in Sweden and Germany recorded net outflows of $14.5 million and $2.4 million, respectively. Bitcoin-based investment products dominated global net inflows last week, adding $1.9 billion. They remain the best-performing crypto funds so far this year, with $2.7 billion in net inflows. According to the data collected, US Bitcoin ETF spot funds accounted for $1.86 billion of the total net inflows, driven by strong weekend data. Ethereum-based funds also saw net inflows totaling $246 million last week, reversing the outflows seen earlier this year. Of this, US Ethereum ETF spot funds accounted for $212 million. Butterfill noted that XRP investment products were another positive driver, contributing an additional $31 million in inflows, with total Assets Under Management now reaching $484 million since mid-November 2024, as XRP surged to its highest level in seven years. You can view coin prices here. Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions. Join Telegram: https://t.me/tapchibitcoinvn Twitter (X): https://twitter.com/tapchibtc_io Tiktok: https://www.tiktok.com/@tapchibitcoin Viet Cuong