Global Crypto Funds Experience Significant Inflows

Global crypto funds managed by firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares saw net inflows of $1.9 billion last week, spurred by President Donald Trump’s executive orders regarding digital assets, as reported by CoinShares.

On Thursday, President Trump signed an executive order establishing a Presidential Working Group on Digital Asset Markets aimed at developing a regulatory framework for digital assets, including stablecoins. This group will also assess the creation of a strategic national digital assets stockpile. Furthermore, on Tuesday, Trump granted a full pardon to Ross Ulbricht, the Silk Road creator linked to Bitcoin’s early history.

These executive actions boosted investor confidence, resulting in no global digital asset investment products experiencing net outflows last week, noted CoinShares’ Head of Research, James Butterfill, in a Monday report.

US and Bitcoin-Based Funds Leading the Charges

Consistent with expectations, U.S.-based crypto funds dominated the inflows, generating $1.7 billion of the weekly total. Other countries followed suit with Switzerland, Canada, and Germany reporting net inflows of $35 million, $31 million, and $23 million, respectively.

Bitcoin-centric investment products continued to lead globally, contributing $1.6 billion to net inflows. They account for the year-to-date performance, revealing an impressive $4.4 billion or 92% of all net inflows. The U.S. Spot Bitcoin exchange-traded funds generated $1.8 billion of the overall net inflows, according to data from The Block.

Ethereum-based funds also resumed their momentum, accumulating net inflows of $205 million, with U.S. Spot Ethereum ETFs contributing $139.4 million last week, per The Block data dashboard.

Investment products rooted in XRP bolstered their standing with an additional $18.5 million, marking a streak that surpasses $500 million since mid-November. Notable inflows were also seen from Solana, Chainlink, and Polkadot funds, accumulating $6.9 million, $6.6 million, and $2.6 million, respectively.

Although price movement was relatively stable over the past week, with trading volumes resting at $25 billion—accounting for 37% of all trading activity on reputable crypto exchanges, Butterfill commented on the market’s health.

However, despite the positivity in inflows, the crypto market experienced a downturn early Monday, witnessing Bitcoin fall back below $100,000 after reaching a record high of approximately $109,000 on January 20. This price adjustment led to $850 million in liquidations, with Bitcoin currently trading at $99,295, as per The Block’s Bitcoin Price Page.