#Crypto fund inflows totaled $2.2 billion#
Hot Topic Overview
Overview
Crypto funds saw inflows of $2.2 billion last week, the highest weekly inflow this year, bringing total assets under management (AuM) to a record high of $171 billion. Bitcoin led the inflows, attracting $1.9 billion, bringing the total inflow for the year to $2.7 billion. Ethereum received inflows of $246 million last week, offsetting net outflows since the beginning of the year. XRP saw $31 million in inflows last week, bringing the cumulative inflow since mid-November 2024 to $484 million. The inflows were mainly driven by positive sentiment surrounding the inauguration of Donald Trump, indicating optimism about the future of the crypto market.
Ace Hot Topic Analysis
Analysis
Last week, digital asset investment products recorded inflows of $2.2 billion, the highest weekly inflow this year, with total assets under management (AuM) hitting a record high of $171 billion. This phenomenon is believed to be related to the market optimism sparked by Trump's inauguration. Bitcoin dominated inflows, attracting $1.9 billion, bringing the year-to-date inflow to $2.7 billion. Ethereum saw inflows of $246 million last week, offsetting net outflows since the beginning of the year. XRP received $31 million last week, bringing the total inflows since mid-November 2024 to $484 million. Additionally, Switzerland and Canada recorded inflows of $89 million and $13 million respectively, indicating regional growth potential.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration ceremony sparked a boom in the cryptocurrency market, leading to $2.2 billion in inflows to crypto funds last week, the highest single-week inflow this year.
Bitcoin was the main driver of inflows, attracting $1.9 billion in funds, pushing crypto fund assets under management (AUM) to a record high of $171 billion.
Ethereum also saw $246 million in inflows last week, offsetting net outflows since the beginning of the year.
Besides Bitcoin and Ethereum, XRP also attracted $31 million in inflows, bringing total inflows to $484 million since mid-November 2024.