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Crypto ETPs See $1.9 Billion Inflows, Bitcoin Dominates Amid Trump's Reserve Proposal

Jan 27, 2025, 11:51 PM

Inflows into cryptocurrency exchange-traded products (ETPs) reached $1.9 billion last week, driven by President Donald Trump's recent executive orders proposing Bitcoin as a strategic reserve asset. Bitcoin dominated the inflows, attracting $1.6 billion, which accounted for over 80% of the total. Ethereum followed with $205 million in inflows, while other cryptocurrencies like XRP, Solana, Chainlink, and Polkadot also saw investments. The surge in inflows follows Trump's inauguration and his administration's pro-crypto stance, including the establishment of a Presidential Working Group on Digital Asset Markets and plans to explore a national Bitcoin reserve. The U.S. led the inflows with $1.7 billion, with Canada, Switzerland, and Germany also contributing. Despite a recent dip in Bitcoin's price below $100,000, it has since recovered to just above $102,000.