#Cryptocurrency inflows hit record highs#
Hot Topic Overview
Overview
The cryptocurrency market saw a surge in inflows last week, totaling $2.2 billion, the highest weekly record this year, and total assets under management also rose to a new high of $171 billion. This wave of inflows was mainly driven by the positive sentiment surrounding President Trump's inauguration, with $1.9 billion flowing into Bitcoin, $246 million into Ethereum, and $31 million into XRP. In addition to the US market, Switzerland and Canada also recorded inflows of $89 million and $13 million respectively, indicating regional growth potential.
Ace Hot Topic Analysis
Analysis
The cryptocurrency market has seen a surge in inflows recently. Last week, digital asset investment products recorded $2.2 billion in inflows, the highest weekly inflow this year, bringing 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 inflows to $2.7 billion. Ethereum recorded $246 million in inflows last week, offsetting net outflows since the beginning of the year. XRP saw $31 million in inflows last week, bringing its total inflows since mid-November 2024 to $484 million. In addition, Switzerland and Canada recorded $89 million and $13 million in inflows respectively, indicating regional growth potential. This round of inflows has been driven primarily by market optimism fueled by the inauguration of Donald Trump, with investors holding a positive outlook on the cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration fueled optimism that drove record inflows into cryptocurrencies.
Bitcoin was the main beneficiary of the inflows, seeing $1.9 billion flow in last week.
Ethereum also recorded significant inflows, seeing $246 million flow in last week, offsetting net outflows since the beginning of the year.
Regional growth potential is emerging, with Switzerland and Canada recording $89 million and $13 million inflows, respectively.