Bitcoin and Ethereum ETFs Add $1.9 Billion During Trump’s Busy First Week

Crypto investment products arrived almost $ 2 billion last week, because shifting the attitude towards emerging technologies in Washington, DC, maintained a strong demand for digital assets.

The products, including Spot Bitcoin and Ethereum ETFs, saw $ 1.9 billion in inflow into the seven -day period until January 25, a decrease of 13% compared to the week before, coinshares facts Shows. That marks the Second consecutive week The inflow floats around $ 2 billion.

This year, investors have so far deposited $ 4.8 billion in digital investment products for assets.

The interest in digital asset products peaked after President Donald Trump’s inauguration, according to James Butterfill, head of research on Coinshares, in a note of analyst who was published on Monday.

Last week the pro-Crypto-president signed his first Crypto-oriented Executive Order, he created a presidential working group on digital asset markets and promoting plans to explore a National Bitcoin Reserve and other campaign toe legs.

In the meantime, federal supervisors have indicated under Trump that they will take a softer attitude on virtual tokens and their emennials.

“As a result of recent orders from the presidential executive power that proposed the initiation of a strategic reserve activity in Bitcoin … Trade volumes were high,” said Butterfill in the memorandum on Monday.

Bitcoin Last week achieved the most important profit, good for $ 1.6 billion, or more than 80%, of all inflow on digital assets -based products.

That is despite a malaise in the price of Bitcoin, which fell below $ 100,000 last week. It has since assembled a recovery just above $ 102,000.

More generally, investors are reasons in various smaller market-cap tokens in the days after the inauguration of President Trump, although the influx of those tokens was slightly lower than those in the week before the ceremony.

Ethereum-Based funds achieved the second largest profit last week, and saw $ 205 million in inflow, or about $ 40 million less inflow the week before.

In the meantime, XRP products registered $ 18.5 million last week, or almost half of the resources they attracted during the previous seven-day period. Solana, Chainlink and Polkadot offers saw last week last week of $ 6.9 million, $ 6.6 million and $ 2.6 million, respectively.

Published by Sebastian Sinclair