#Cryptocurrency flows hit record highs#
Hot Topic Overview
Overview
The cryptocurrency market saw record inflows last week, totaling $2.2 billion, the highest weekly inflow this year, pushing total assets under management to a new all-time high of $171 billion. Bitcoin saw inflows of $1.9 billion, Ethereum $246 million, and XRP $31 million. Analysts believe the market excitement triggered by President Trump's inauguration is the main driver behind the inflows, while inflows from regions like Switzerland and Canada suggest potential for regional growth.
Ace Hot Topic Analysis
Analysis
The cryptocurrency market has seen a surge in inflows recently, with digital asset investment products recording $2.2 billion in inflows last week, the highest single-week inflow this year. This brought total assets under management (AuM) to a record high of $171 billion. Bitcoin saw the largest inflow at $1.9 billion, bringing its year-to-date inflow to $2.7 billion. Ethereum saw an inflow of $246 million last week, offsetting net outflows since the beginning of the year. XRP saw an inflow of $31 million last week, bringing its cumulative inflow since mid-November 2024 to $484 million. Additionally, Switzerland and Canada saw inflows of $89 million and $13 million, respectively, indicating regional growth potential. This inflow surge is closely linked to the excitement surrounding President-elect Donald Trump's inauguration, as the market widely believes that his policies will be favorable to the cryptocurrency industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration sparked a crypto market frenzy, leading to record inflows of $2.2 billion into digital asset investment products last week.
Bitcoin was the main beneficiary of the inflows, receiving $1.9 billion last week, bringing the total inflows for the year to $2.7 billion.
Ethereum also performed well, with $246 million flowing in last week, offsetting net outflows from earlier in the year.
In addition to Bitcoin and Ethereum, altcoin XRP saw inflows of $31 million last week, indicating rising market interest in other cryptocurrencies.