Crypto ETPs see $2.2B in inflows amid Trump inauguration euphoria

The euphoria around the inauguration of US President-elect Donald Trump drove the massive $2.2 billion in inflows to crypto ETPs last week.

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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 (BTC) 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.

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