Digital asset investments saw $1.9 billion in inflows last week, bringing YTD inflows to $4.8 billion. Presidential orders proposing Bitcoin as a reserve asset likely influenced this surge in investments.
Despite flat price movements, trading volumes reached $25 billion, making up 37% of trusted exchange activity.
US President Donald Trump issued an executive order last week establishing a Presidential working group on digital asset markets to develop a federal regulatory framework for digital assets, including stablecoins. Chaired by AI & Crypto Czar David Sacks, the group will include top officials such as the Treasury Secretary and SEC Chairman and consult industry experts to guide its decisions.
The order also halts federal efforts to develop central bank digital currencies (CBDCs) and rescinds Biden-era crypto policies. Additionally, Trump fulfilled his campaign pledge to pardon Ross Ulbricht, founder of the Silk Road marketplace. However, plans for a national Bitcoin stockpile remained vague, with no explicit mention of Bitcoin in the order. Despite this, the inflows continued.
According to the latest CoinShares report, Bitcoin attracted $1.6 billion in inflows last week. This figure raised its YTD total to $4.4 billion and accounted for 92% of all digital asset sector inflows. Short-Bitcoin ETFs also saw renewed interest, with $5.1 million in inflows following BTC’s recent all-time highs. Ethereum rebounded strongly with $205 million in inflows, while XRP gained $18.5 million.
Multi-asset products saw $17 million in inflows among smaller assets, Solana, Chainlink, and Polkadot saw notable inflows of $6.9 million, $6.6 million, and $2.6 million respectively. Litecoin also observed $0.9 million in inflows.
Interestingly, no digital asset investment products experienced outflows last week, except for Cardano, which saw a minor $0.1 million in outflows.
Regionally, the US recorded inflows of $1.7 billion, with positive executive order news boosting sentiment across nearly all other regions. The most notable flows were observed in Switzerland, Canada, and Germany, seeing inflows of $35 million, $31 million, and $23.1 million, respectively.
Next up were Hong Kong, Brazil, and Australia, recording $14.1 million, $12 million, and $6.9 million, respectively. Sweden emerged as an outlier with $5.7 million in outflows.