Crypto investment products pulled in nearly $2 billion last week as shifting attitudes toward emerging technologies in Washington, D.C., sustained strong demand for digital assets.
The products, which include spot Bitcoin and Ethereum ETFs, saw $1.9 billion in inflows in the seven-day period through January 25, down 13% from the week prior, CoinShares data shows. That marks the second consecutive week inflows have hovered around $2 billion.
Investors have so far poured $4.8 billion into digital asset investment products this year.
Interest in digital asset products peaked after President Donald Trump's inauguration, according to James Butterfill, Head of Research at Coinshares, in an analyst note published Monday.
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Last week, the pro-crypto president signed his first crypto-focused executive order, creating a Presidential Working Group on Digital Asset Markets and advancing plans to explore a national Bitcoin reserve and other campaign pledges.
Meanwhile, federal regulators under Trump have signaled they will take a softer stance on virtual tokens and their issuers.
“As a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin… trading volumes were high,” Butterfill said Monday in the note.
Bitcoin made the most significant gains last week, accounting for $1.6 billion, or more than 80%, of all inflows into digital asset-based products.
That's despite a slump in the price of Bitcoin, which dipped below the $100,000 mark last week. The asset has since mounted a recovery just above $102,000.
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More broadly, investors poured funds into various smaller market-cap tokens in the days following President Trump's inauguration—although inflows to those tokens were slightly lower than those in the week before the ceremony.
Ethereum-based funds made the second-largest gains last week, seeing $205 million in inflows, or roughly $40 million less in inflows during the week prior.
Meanwhile, XRP products recorded $18.5 million last week, or nearly half the funds they pulled in during the previous seven-day period. Solana, Chainlink, and Polkadot offerings saw inflows last week of $6.9 million, $6.6 million, and $2.6 million, respectively.
Edited by Sebastian Sinclair
