Well, well, well! Seems like President Trump’s executive order proposing a strategic crypto reserve has caused quite a stir in the world of digital currency. 💰💸
According to CoinShares, this order was likely one of the catalysts for a fresh injection of $1.9 billion to various crypto ETPs in the last trading week. Now, that’s what I call a bull market! 🐂
This marks the third consecutive week of inflows into global crypto ETPs, bringing the year-to-date (YTD) total to $4.7 billion. However, last week’s inflows were down roughly 13% from the previous week, which saw $2.2 billion injected into crypto ETPs, according to CoinShares.
Bitcoin ETP inflows account for 92% of all crypto ETP inflows YTD
Bitcoin (BTC)-based crypto ETPs accounted for the majority of inflows, attracting $1.6 billion last week, bringing YTD inflows to $4.4 billion, or 92% of all crypto ETP inflows YTD, CoinShares’ research head James Butterfill said in the update.
With Bitcoin setting a new all-time high above $109,000 on Jan. 20, short Bitcoin ETPs regained traction last week, posting $5.1 million inflows, Butterfill noted.
Total assets under management (AUM) for all crypto ETPs reached $171 billion, with Bitcoin ETPs accounting for 82% of the total.
All outflows were offset by inflows last week
Ether (ETH)-based ETPs saw inflows of $205 million last week, continuing their rebound despite early-year selling. YTD inflows for Ether ETPs reached $177 million.
XRP (XRP) ETPs also saw a further $18.5 million in inflows, down about 40% from the previous week.
The most notable ETP flows among altcoins were Solana (SOL), Chainlink (LINK) and Polkadot (DOT), with inflows of $6.9 million, $6.6 million and $2.6 million, respectively.
“Unusually, no digital asset investment products saw outflows last week,” Butterfill stated.
Grayscale continues seeing outflows
Among crypto ETP issuers, BlackRock continued to lead the flows, with weekly inflows totaling $1.5 billion, or 76% of all crypto ETP inflows last week. The issuer has $2.9 billion of inflows YTD, with a total AUM of $64 billion.
Other prominent issuers, Fidelity and ARK, saw inflows of $202 million and $173 million, respectively.
On the other hand, Grayscale continued to see major outflows from its crypto ETPs, leading weekly outflows at $124 million.
Since the beginning of 2025, Grayscale’s crypto ETPs have recorded a total of $392 million in outflows.
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2025-01-27 13:51