#Cryptocurrency ETP inflows hit $2.2 billion#
Hot Topic Overview
Overview
Last week, spurred by President Trump's inauguration, digital asset investment product inflows reached a record $2.2 billion, the largest weekly inflow this year so far, pushing total assets under management (AuM) to a record high of $171 billion. Bitcoin saw inflows of $1.9 billion, Ethereum $246 million, and XRP $31 million. Switzerland and Canada registered inflows of $89 million and $13 million respectively, demonstrating potential for regional growth.
Ace Hot Topic Analysis
Analysis
Digital asset investment products recorded inflows of $2.2 billion last week, the highest weekly inflow this year, pushing total assets under management (AuM) to $171 billion, a new all-time high. This was primarily driven by market enthusiasm following the inauguration of President Trump. Bitcoin saw inflows of $1.9 billion, Ethereum $246 million, and altcoin XRP saw inflows of $31 million last week. In addition, Switzerland and Canada recorded inflows of $89 million and $13 million respectively, demonstrating regional growth potential.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration ceremony triggered market sentiment, driving inflows into cryptocurrency ETPs and setting a new weekly record for the year.
Bitcoin was the main beneficiary of the inflow, attracting $1.9 billion in funds, bringing the total inflow for the year to $2.7 billion.
Ethereum also recorded an inflow of $246 million, offsetting net outflows since the beginning of the year.
Inflows from regions such as Switzerland and Canada show potential for regional growth.