- Trump’s crypto order fueled $1.9B inflows into ETPs, marking three weeks of growth.
- Bitcoin ETPs led, securing $1.6B weekly inflows and 92% of YTD investments.
- BlackRock dominated with $1.5B inflows, while Grayscale faced $124M in outflows.
Donald Trump’s proposal for a strategic crypto reserve has sparked a surge in investments. Exchange-traded cryptocurrency products (ETPs) attracted $1.9 billion in inflows last week, according to CoinShares. This marks three consecutive weeks of rising investments, bringing the total for the year to $4.7 billion. While inflows declined by 13% compared to the previous week’s $2.2 billion, the steady growth reflects increasing confidence in the market.
Bitcoin Leads the Charge in Crypto ETP Growth
Bitcoin ETPs dominated the market, attracting $1.6 billion in inflows last week. These products have pulled in $4.4 billion year-to-date, making up 92% of all crypto ETP investments. Bitcoin’s new record high of $109,000 on January 20 boosted confidence among investors. Short Bitcoin ETPs also gained traction, recording $5.1 million in inflows.
Assets under management for all crypto ETPs have soared to $171 billion. Bitcoin products make up 82% of this total. Ether ETPs saw renewed interest, adding $205 million last week. XRP ETPs received $18.5 million, though this was a 40% drop from the previous week. Solana, Chainlink, and Polkadot also performed well, gaining $6.9 million, $6.6 million, and $2.6 million, respectively.
BlackRock Thrives While Grayscale Faces Losses
BlackRock led the way among ETP issuers, securing $1.5 billion in weekly inflows. The firm has attracted $2.9 billion this year, managing a total of $64 billion in assets. Fidelity followed closely with $202 million in inflows, while ARK brought in $173 million. Meanwhile, Grayscale faced continued challenges, losing $124 million in outflows last week.
Year-to-date, Grayscale’s losses have reached $392 million. Donald Trump’s support for cryptocurrency has reignited excitement in the market. Investors are taking advantage of emerging opportunities, as the rapid growth of crypto ETPs highlights the expanding influence of digital assets on global finance.
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