Global crypto investment funds saw $1.9 billion in inflows last week, according to a report from CoinShares. The surge can be attributed to two executive orders signed by former U.S. President Donald Trump. On Thursday, Trump signed an order establishing a “Presidential Working Group on Digital Asset Markets.” This group will focus on creating federal regulations for digital assets, including stablecoins. It will also explore the possibility of building a “strategic national digital assets stockpile.”
Weekly crypto asset flows. Source: CoinShares.The executive orders show that governments are paying serious attention to cryptocurrency and its potential. This could lead to better regulation, which many investors see as a sign of stability and growth for the market. Earlier that week, Trump issued a full pardon for Ross Ulbricht, the founder of Silk Road, a platform connected to Bitcoin’s early history.
These actions reassured investors, leading to net inflows across all global crypto funds for the week, CoinShares’ Head of Research, James Butterfill, said in a Monday report.
U.S. Crypto Funds Brought $1.7B of the inflows
U.S.-based crypto funds accounted for $1.7 billion of the inflows. Other regions also saw increases, including Switzerland with $35 million, Canada with $31 million, and Germany with $23 million.
Bitcoin-based funds were the top performers, attracting $1.6 billion of the inflows. This brought their total inflows for the year to $4.4 billion, or 92% of the global total. U.S. spot Bitcoin ETFs alone contributed $1.8 billion to last week’s inflows.
Ethereum and Other Assets See Gains
Ethereum funds brought in $205 million last week. Of this, U.S. spot Ethereum ETFs contributed $139.4 million. XRP investment products also grew, adding $18.5 million, which extended their inflow streak to over $500 million since November. Other notable inflows included Solana ($6.9 million), Chainlink ($6.6 million), and Polkadot ($2.6 million).
Trading volumes remained high, totaling $25 billion for the week. This accounted for 37% of activity on trusted crypto exchanges. Despite this, the market experienced a sell-off on Monday, with Bitcoin’s price dropping below $100,000 after hitting an all-time high of $109,000 on January 20. Bitcoin was trading at $99,295 as of Monday.
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