 Crypto ETPs see $2.2B in inflows amid Trump inauguration euphoria 
2025-01-20
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Cryptocurrency exchange-traded products (ETPs) recorded their largest year-to-date inflows last week, totaling $2.2 billion, according to investment firm CoinShares.
Euphoria over the upcoming inauguration of US President-elect Donald Trump drove massive inflows into crypto ETPs, CoinShares research lead James Butterfill said in the latest fund flows report on Jan. 20.
With Bitcoin BTCUSD rising 15% in the last trading week, the amount of total assets under management in crypto ETPs surged to a new historic high of $171 billion.
The spike of inflows in crypto investment products last week followed minor inflows totaling $47 million in the second week of 2025.
Crypto ETP volumes accounted for 34% of total BTC volumes last week
Trading volumes of crypto ETPs globally remained strong last week at $21 billion, representing 34% of total Bitcoin trading volumes on trusted exchanges, Butterfill said.
Last week’s $2.2 billion inflows were contributed mainly by Bitcoin ETPs, which saw $1.9 billion inflows, bringing YTD inflows to $2.7 billion.
“Unusually, despite the recent price rises, we have seen minor outflows from short-positions of $0.5 million, while we typically see inflows after such positive price momentum,” Butterfill said.
Ether ETPs remain the poorest performer despite new inflows
Ethereum, or Ether ETHUSD-based ETPs, saw $246 million in inflows last week, correcting significant outflows seen so far this year.
Still, Ether ETPs remain the poorest performer in terms of inflows this year, with YTD outflows amounting to $28 million.
XRP XRPUSD continued gaining momentum last week, with XRP-based ETPs recording $31 million in inflows. Since November 2024, inflows to XRP ETPs have surged to $484 million, the report noted.
BlackRock’s iShares ETFs keep strong, Grayscale continues seeing outflows
BlackRock’s iShares crypto exchange-traded funds (ETF) remained strong last week, seeing $897 million in inflows.
On the other hand, Grayscale’s crypto ETFs continued to see outflows totaling $145 million last week. By the end of the week, Grayscale’s crypto ETFs had seen $268 million in outflows so far this year.
Regionally, the US saw the majority of inflows at $2 billion, while healthy inflows were also seen in Switzerland and Canada, with $89 million and $13 million, respectively.