#Crypto ETP inflows hit $2.2 billion#
Hot Topic Overview
Overview
Last week, cryptocurrency ETP inflows reached $2.2 billion, the highest so far this year, with total assets under management (AuM) also hitting a record high of $171 billion. This influx of funds was driven largely by optimism surrounding President Trump's inauguration, with $1.9 billion flowing into Bitcoin, $246 million into Ethereum, and $31 million into XRP. In addition, Switzerland and Canada recorded inflows of $89 million and $13 million respectively, indicating potential for regional growth.
Ace Hot Topic Analysis
Analysis
Last week, cryptocurrency ETP inflows reached $2.2 billion, marking the highest weekly inflow this year, while total assets under management (AuM) reached a new record high of $171 billion. This inflow was mainly driven by market optimism sparked by the inauguration of President Trump, with Bitcoin inflows of $1.9 billion, Ethereum inflows of $246 million, and XRP inflows of $31 million. Switzerland and Canada recorded inflows of $89 million and $13 million respectively, showcasing regional growth potential.
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Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration fueled optimism that drove inflows into cryptocurrency ETPs, setting a new weekly record for the year.
Bitcoin was the main beneficiary of the inflows, attracting $1.9 billion, while Ethereum also saw inflows of $246 million.
Total assets under management (AuM) for digital asset investment products rose to a record high of $171 billion.
Inflows from regions such as Switzerland and Canada also show regional growth potential.