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Jan 28, 07:30 AM
Crypto ETFs Attract $1.9 Billion, Led by Bitcoin and Ethereum, Following Trump's Strategic Bitcoin Reserve Order
Executive Orders
Markets
Politics
Crypto

Crypto ETFs Attract $1.9 Billion, Led by Bitcoin and Ethereum, Following Trump's Strategic Bitcoin Reserve Order

Authors
  • Forbes
  • Bitcoin.com News
  • Cointelegraph
31

Crypto investment products saw a significant influx of $1.9 billion last week, driven by President Trump's executive orders related to digital assets. The orders, which included exploring the creation of a strategic Bitcoin reserve, led to heightened institutional confidence and increased investments in Bitcoin and Ethereum exchange-traded products (ETPs). Bitcoin attracted the majority of the inflows, with $1.6 billion invested, while Ethereum saw $205 million in inflows. Despite a dip in Bitcoin's price below $100,000, the asset has since recovered to just above $102,000. The week's total inflows into digital asset investment products reached $4.8 billion year-to-date, with Bitcoin accounting for 92% of the investments.

Written with ChatGPT .

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