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Crypto ETPs see 2.2 billion USD in inflows amid Trump inauguration euphoria

Crypto ETPs recorded remarkable inflows of 2.2 billion USD, primarily due to the enthusiasm around Donald Trump’s inauguration. Bitcoin’s price increased by 15% during this period, with total assets under management reaching 171 billion USD.

While Bitcoin ETPs saw significant inflows of 1.9 billion USD, Ethereum ETPs struggled with outflows, even after capturing 246 million USD last week. In contrast, XRP ETPs gained traction with a total of 31 million USD in inflows.

BlackRock’s iShares ETFs attracted 897 million USD, showcasing the strength of their products, whereas Grayscale’s ETFs continued to witness outflows of 145 million USD. The US was the leading region for these inflows, accounting for 2 billion USD.

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