CoinShares Head of Research James Butterfill revealed in a recent report that global digital asset investment products raked in about $1.9 billion in inflows in the past week. Butterfill suggested that President Donald Trump’s recent executive orders in relation to digital finance development in the country fueled the positive transaction volumes.
Last week’s inflows brought the total year-to-date inflows for digital asset investment products to about $4.8 billion. The report further highlighted that Bitcoin investment products accounted for $1.591 billion of the total inflows last week.
Ethereum, XRP, Solana, Chainlink, Polkadot, and Litecoin accounted for about $204 million, $18.5 million, $6.8 million, $6.6 million, $2.06 million, and $0.9 million in inflows, respectively.
Multi-asset digital asset investment products accounted for $17 million of last week’s inflows. Short Bitcoin and other investment products accounted for $5.1 million and $8.2 million in inflows, respectively.
Binance investment products did not record any inflows, while Cardano investment products recorded $0.1 million in outflows last week. Binance and Cardano were notably the only digital assets with no inflows last week.
The iShares ETFs, Fidelity ETFs, 21 Shares, and ARK 21 ETFs recorded the most weekly inflows at $1.452 billion, $202 million, $26 million, and $173 million, respectively.
Grayscale, Bitwise ETFs, Volatility Shares Trust, and CoinShares XBT recorded the most weekly outflows at $124 million, $19 million, $17 million, and $14 million, respectively. Other ETFs accounted for $180 million in weekly inflows.
U.S.-based investment products took the lead, accounting for over $1.7 billion of last week’s inflows. Switzerland, Canada, Germany, Hong Kong, Brazil, Australia, and other regions accounted for $34.6 million, $30.9 million, $23.1 million, $14.1 million, $12 million, $6.9 million, and $1.3 million in inflows, respectively.
Sweden was the only country that recorded outflows last week, with $5.7 million.
XRP and SOL ETFs could boost crypto ETPs by about $14 billion
SOL & XRP ETPs Could Attract $3-8bn Each: JPM
ETP assets ($108bn) make up 6% of the total Bitcoin market cap ($1,874bn) after the ETPs’ first year of trading; likewise, ether ETP assets ($12bn) have a 3% penetration rate of the total Ethereum market cap ($395bn) within its first… pic.twitter.com/7rApA2z71h
— matthew sigel, recovering CFA (@matthew_sigel) January 13, 2025
According to a JPMorgan prediction, the approval of SOL and XRP ETFs could increase the influx into digital asset investment products by about $14 billion cumulatively. The bank suggested that SOL ETFs could raise between $3 and $6 billion, while XRP ETFs could raise between $3 and $8 billion.
Several asset management companies have applied for XRP and Solana ETFs, including Bitwise and Canary Capital. More asset management firms are also open to filing for more ETFs, including memecoin ETFs.
Rex Osprey recently filed for Dogecoin, BONK, and $TRUMP ETFs to target a wider investor base. The asset management companies speculate that the new change in the U.S. SEC authority and the introduction of more crypto-friendly regulations will create a better chance for crypto ETF approvals.
Trump’s executive orders to establish U.S. lead in digital finance
President Trump signed an executive order on January 23 to introduce regulatory clarity in the digital finance space. The executive order aimed to establish the country’s leadership in digital asset finance. It also looks to drive innovation within crypto and blockchain and provide fair economic opportunities for U.S. citizens.
The executive order by President Trump revealed that the president will establish a Presidential Working Group on Digital Asset Markets to create a comprehensive regulatory framework for digital assets, including stablecoins. President Trump ordered the AI and Crypto Czar to lead the Working Group with the U.S SEC chair, Secretary of the Treasury, and other notable department heads as part of the group.
The president also mentioned that the Working Group will explore the establishment of a strategic Bitcoin reserve to create a BTC stockpile for the U.S. Trump promised that he will make the country a world leader in BTC ownership, including through BTC mining and more BTC purchases in the future.
The U.S. SEC is also taking steps to create regulatory clarity for digital assets by creating a new crypto task force. The commission’s new chair, Mark Uyeda, appointed Commissioner Hester Pierce as the head of the task force, which is tasked with exploring a more sensible regulatory framework for crypto assets.
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