Last week, crypto investment products brought in more than $2 billion as Washington, D.C., shifted its attitude towards emerging technologies, which sustained strong demand.
CoinShares reported that the products include Bitcoin ETFs and Ethereum Spot ETFs. Inflows totaled $1.9 billion over the past seven days, down 13% compared to the previous week. shows. It is a mark of distinction The second week in a row The inflows are hovering around 2 billion dollars.
In the first half of this year, digital asset investments have received $4.8 Billion from investors.
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.
Last week the crypto-friendly president issued his first executive orders focusing on digital assets. He created a Presidential Group on Digital Asset Markets as well as a plan to examine a Bitcoin national reserve, among other pledges.
Under Trump, the federal regulators have also signaled that they’ll take a less strict stance against virtual tokens.
“As a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin… trading volumes were high,” Butterfill wrote in a note on Monday.
Bitcoin Last week, digital assets accounted for more than 80 percent, or $1.6 billion of the total amount invested in these products.
That's despite a slump in the price of Bitcoin, which dipped below the $100,000 mark last week. Since then, the asset has recovered just below $100,000. $102,000.
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.
EthereumThe second largest gain was made by funds based in the United States, with inflows of $205 million, which is roughly $40 less than the inflows the previous week.
In contrast, XRP-based products saw a total of $18.5 millions last week — or almost half the amount they had raised in the prior seven-day period. Solana Chainlink Polkadot saw a combined inflow last week of approximately $6.9 Million, $6.6 Million, and $2.25 million.
Sebastian Sinclair edited the book