Trump's Orders Spark $2B Crypto Inflows, Bitcoin Dominates

Institutional investors have shown increased confidence in the cryptocurrency market following President Trump's executive orders, according to a recent report by CoinShares. The crypto asset manager revealed that digital asset investment vehicles attracted nearly $2 billion in inflows last week, with the United States leading the way with $1.7 billion.

CoinShares' Digital Asset Fund Flows report highlighted that despite relatively flat price action, trading volumes remained high at $25 billion for the week, representing 37% of all trading volumes on trusted crypto exchanges. The report attributed this surge in institutional interest to the recent presidential executive orders, which proposed the initiation of a strategic reserve asset in Bitcoin.

Bitcoin (BTC) dominated inflows, accounting for $1.6 billion, or 92% of all inflows in the digital asset sector. This surge in interest came after Bitcoin reached new all-time highs before President Biden's inauguration. Short-Bitcoin ETFs also regained traction, with inflows of $5.1 million.

Ethereum (ETH) led altcoins with $205 million in inflows, bringing year-to-date (YTD) ETH inflows to $177 million. Notably, with the exception of Cardano (ADA), no crypto institutional investment products suffered outflows last week.

These developments suggest that President Trump's executive orders have fostered a more favorable environment for institutional investors in the cryptocurrency market. As the industry continues to evolve, it will be interesting to see how these trends play out under the new administration.