Institutional investors poured a whopping $2.2 billion into crypto investment products last week, fueled by excitement surrounding Donald Trump’s inauguration. This marks the biggest weekly inflow of the year so far.
Record-Breaking Inflows
According to CoinShares, the surge in investment pushed the total assets under management (AUM) to a new all-time high of $171 billion. The US led the charge, accounting for $2 billion of the inflows, with Switzerland and Canada contributing smaller amounts.
Bitcoin Dominates
Bitcoin (BTC) investment products were the biggest beneficiaries, attracting $1.9 billion. Ethereum (ETH) also saw significant inflows of $246 million, reversing its negative trend for the year. XRP products also experienced modest inflows of $31 million. Interestingly, despite the price increases, short positions saw minor outflows—an unusual occurrence.
High Trading Volumes
Trading volumes for exchange-traded products (ETPs) were exceptionally high, reaching $21 billion last week, representing a significant portion of overall Bitcoin trading volume on major exchanges.
Disclaimer: This information is for general knowledge and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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