Crypto ETPs see $2.2B in inflows amid Trump inauguration euphoria
The euphoria around the inauguration of US President-elect Donald Trump drove the massive $2.2 billion in inflows to crypto ETPs last week.
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The euphoria around the inauguration of US President-elect Donald Trump drove the massive $2.2 billion in inflows to crypto ETPs last week.
The post-US election honeymoon is likely over as macroeconomic data is once again a key driver of crypto ETPs, CoinShares’ James Butterfill said.
Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada’s history.
US spot Bitcoin ETFs have contributed to 100% of the record-breaking $44.2 billion crypto ETF inflows in 2024, according to CoinShares.
Crypto ETPs recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
Institutional investors have played a large role in Binance’s $24.2 billion net inflows so far in 2024.
Over the past two weeks, spot Ether ETFs have clocked in more than $1.3 billion in inflows as the cryptocurrency rallied close to $4,000.
Spot Ether ETFs racked up $224.9 million in net inflows over the last four trading days — around $190 million more than the spot Bitcoin […]
Almost $650 million has entered Ether ETFs over the past five trading days as the asset surged more than 30%.
