President Trump’s Executive Orders Build Confidence With Institutional Crypto Investors: CoinShares – Crypto News

Crypto asset manager CoinShares says institutional investors poured billions into digital asset investment vehicles last week following Trump’s executive orders directed at the industry.

In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment vehicles raked in nearly $2 billion last week alone.

“Digital asset investment products saw inflows totaling US$1.9bn last week bringing year-to-date (YTD) inflows to US$4.8bn — likely as a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin.

Despite the relatively flat price action last week, trading volumes were high at US$25bn for the week, comprising 37% of all trading volumes on trusted crypto exchanges.”

The United States regionally led international inflows, raking in $1.7 billion of the $1.9 billion in inflows. Canada, Switzerland and Germany provided $31 million, $35 million, and $23 million, respectively.

Bitcoin (BTC), per usual, snatched up the lion’s share of inflows.

“Bitcoin saw inflows totaling US$1.6bn, bringing YTD inflows to US$4.4bn, accounting for 92% of all inflows in the digital asset sector. Following Bitcoin’s pre-inauguration new all-time highs last week, it was no surprise to see short-Bitcoin ETFs regain traction, with inflows of US$5.1 million.”

Ethereum (ETH) led altcoins with $205 million in inflows, bringing YTD ETH inflows to $177 million. With the exception of Cardano (ADA), no crypto institutional investment products suffered outflows last week.

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