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Digital Asset Inflows Hit $2.2 Billion; Bitcoin Leads with $1.9 Billion, Ethereum $246M, XRP $31M

Digital asset investment products experienced inflows of $2.2 billion last week.
By: DeepNewz
Digital Asset Inflows Hit $2.2 Billion; Bitcoin Leads with $1.9 Billion, Ethereum $246M, XRP $31M

Digital asset investment products experienced inflows of $2.2 billion last week, the highest amount recorded this year, largely attributed to enthusiasm surrounding Donald Trump's inauguration.

Bitcoin led the inflows with $1.9 billion, while Ethereum saw a reversal in trends with $246 million in inflows, marking a significant recovery from earlier outflows. XRP also contributed with $31 million in inflows.

The total assets under management (AuM) for crypto ETPs reached a record $171 billion, with global ETP trading volumes hitting $21 billion, which accounted for 34% of Bitcoin's total trading volume. This surge in investment has pushed the year-to-date inflows into digital assets to $2.8 billion.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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