Trump buzz drives $2.2B inflow, setting new records for Bitcoin and AUM

The crypto marketplace has recorded its highest play inflow this year, reaching an awesome $2.2 billion.

According to the latest CoinShares report, this influx of superior was fueled by increasing excitement astir Donald Trump’s Jan. 20 inauguration. The steadfast noted that the surge pushed full year-to-date inflows to $2.8 billion.

This influx has besides pushed assets nether absorption (AUM) to a grounds precocious of $171 billion. The surge coincided with Bitcoin’s awesome performance, with the flagship crypto climbing astir 20% implicit the past week to hit an all-time high adjacent the $110,000 mark.

Meanwhile, the marketplace besides experienced a corresponding spike successful exchange-traded merchandise (ETP) trading volumes, which reached $21 cardinal past week.

James Butterfill, CoinShares caput of research, pointed retired that this fig accounted for 34% of Bitcoin’s trading enactment connected starring exchanges. This robust fig highlights increasing organization involvement and the expanding mainstream adoption of crypto.

Bitcoin and XRP shine

Bitcoin continued its dominance, securing $1.9 cardinal successful inflows past week and bringing its full for the twelvemonth to $2.7 billion.

The study highlighted that spot Bitcoin ETFs, offered by cardinal players similar BlackRock, Fidelity, Ark Invest, and Bitwise, collectively attracted implicit $2.1 cardinal successful inflows. The inflows are seen arsenic a affirmative effect to marketplace optimism astir supportive regulatory policies expected nether the incoming administration.

Chart Showing Crypto ETF Providers Flows. (Source: CoinShares)

Interestingly, short-Bitcoin products registered humble inflows of $500,000, a astonishing deviation from emblematic bearish behaviour during bullish trends.

Meanwhile, Ethereum drew $246 cardinal successful inflows, marking a reversal of its erstwhile outflows this year. However, the second-largest crypto continues to underperform successful examination to its peers.

Butterfill noted that Ethereum remains the weakest performer this twelvemonth from an inflow position contempt importantly outpacing Solana, which brought successful $2.5 cardinal past week.

Chart Showing Crypto Asset Flows. (Source: CoinShares)

On the different hand, XRP has proven to beryllium a standout performer, attracting $31 cardinal successful inflows past week. Since mid-November 2024, XRP’s full inflows person reached an awesome $484 million, underscoring its increasing entreaty to investors.

Stellar followed with smaller inflows of $2.1 million, portion different altcoins showed small enactment during the period.

The station Trump buzz drives $2.2B inflow, mounting caller records for Bitcoin and AUM appeared archetypal connected CryptoSlate.