Trump’s crypto executive orders help drive $1.9 billion in digital asset fund flows: CoinShares
2025-01-27
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Global crypto funds run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered net inflows of $1.9 billion last week, driven by Trump’s crypto executive orders, according to CoinShares.
On Thursday, President Donald Trump signed an executive order creating a "Presidential Working Group on Digital Asset Markets" to work on developing a federal regulatory framework for digital assets, including stablecoins, and to evaluate the creation of a "strategic national digital assets stockpile." On Tuesday, Trump also signed a full and unconditional pardon for Ross Ulbricht, the Silk Road creator integrally tied to Bitcoin’s early history.
The executive orders built confidence among investors, with no global digital asset investment products witnessing net outflows last week, CoinShares’ Head of Research James Butterfill noted in a Monday report.
Weekly crypto asset flows. Images: CoinShares.
US and bitcoin-based funds dominate
Unsurprisingly, U.S.-based crypto funds led regionally, generating $1.7 billion of the net weekly inflows. Digital asset investment products in Switzerland, Canada and Germany also witnessed net inflows of $35 million, $31 million and $23 million, respectively. 
Bitcoin-based investment products again dominated last week’s net inflows globally, adding $1.6 billion. They remain the best-performing crypto funds this year, clocking $4.4 billion or 92% of all net inflows year-to-date. The U.S. spot Bitcoin exchange-traded funds represented $1.8 billion of the overall net inflows, according to data compiled by The Block.
Ethereum-based funds also continued their rebound, attracting net inflows totaling $205 million. U.S. spot Ethereum ETFs accounted for $139.4 million of net inflows last week, per The Block's data dashboard.
XRP investment products were another benefactor, adding a further $18.5 million to an inflow streak that now totals over $500 million since mid-November. Meanwhile, Solana, Chainlink and Polkadot funds also generated notable net inflows of $6.9 million, $6.6 million and $2.6 million, respectively.
Price action was relatively flat over the past seven days, though trading volumes remained high at $25 billion, accounting for 37% of all trading activity on trusted crypto exchanges, Butterfill said.
However, despite last week’s positive flows, the crypto market sold off early Monday, with bitcoin dropping back below $100,000 after reaching an all-time high of around $109,000 on Jan. 20, as traders witnessed $850 million in liquidations. Bitcoin is currently trading for $99,295, according to The Block’s Bitcoin Price Page.
BTC/USD price chart. Image: The Block/TradingView.
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