2 minuti di letturaExecutive Order Builds Confidence Amongst Investors with us$1.9bn Inflows
Digital asset investment products saw inflows totalling US$1.9bn last week, likely as a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin.
In the altcoin space, Ethereum rebounded, with inflows of US$205m, while XRP also saw a further US$18.5m inflows.
The most notable flows amongst the smaller digital assets were Solana, Chainlink and Polkadot with inflows of US$6.9m, US$6.6m and US$2.6m respectively.
Digital asset investment products saw inflows totalling US$1.9bn last week bringing year-to-date (YTD) inflows to US$4.8bn – likely as a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin. Despite the relatively flat price action last week, trading volumes were high at US$25bn for the week, comprising 37% of all trading volumes on trusted crypto exchanges.
Regionally, the US recorded inflows of US$1.7bn, with positive executive order news boosting sentiment across nearly all other regions. The most notable flows were observed in Canada, Switzerland, and Germany, seeing inflows of US$31m, US$35m, and US$23m, respectively.
Bitcoin saw inflows totalling US$1.6bn, bringing YTD inflows to US$4.4bn, accounting for 92% of all inflows in the digital asset sector. Following Bitcoin's pre-inauguration new all-time highs last week, it was no surprise to see short-Bitcoin ETFs regain traction, with inflows of US$5.1 million.
In the altcoin space, Ethereum rebounded, with inflows of US$205m, while XRP also saw a further US$18.5m inflows. Unusually, no digital asset investment products saw outflows last week. The most notable flows amongst the smaller digital assets were Solana, Chainlink and Polkadot with inflows of US$6.9m, US$6.6m and US$2.6m respectively.
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