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Bitcoin and Ethereum ETFs Add $1.9 Billion During Trump’s Busy First Week

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Crypto investment products pulled in nearly $2 billion last week as shifting attitudes toward emerging technologies in Washington, D.C., sustained strong demand for digital assets.

The products, which include spot Bitcoin and Ethereum ETFs, saw $1.9 billion in inflows in the seven-day period through January 25, down 13% from the week prior, CoinShares data shows. That marks the second consecutive week inflows have hovered around $2 billion. 

Investors have so far poured $4.8 billion into digital asset investment products this year.

Interest in digital asset products peaked after President Donald Trump’s inauguration, according to James Butterfill, Head of Research at Coinshares, in an analyst note published Monday. 

Last week, the pro-crypto president signed his first crypto-focused executive order, creating a Presidential Working Group on Digital Asset Markets and advancing plans to explore a national Bitcoin reserve and other campaign pledges.

Meanwhile, federal regulators under Trump have signaled they will take a softer stance on virtual tokens and their issuers. 

“As a result of recent presidential executive orders that proposed the initiation of a strategic reserve asset in Bitcoin… trading volumes were high,” Butterfill said Monday in the note.

Bitcoin made the most significant gains last week, accounting for $1.6 billion, or more than 80%, of all inflows into digital asset-based products.

That’s despite a slump in the price of Bitcoin, which dipped below the $100,000 mark last week. The asset has since mounted a recovery just above $102,000.

More broadly, investors poured funds into various smaller market-cap tokens in the days following President Trump’s inauguration—although inflows to those tokens were slightly lower than those in the week before the ceremony. 

Ethereum-based funds made the second-largest gains last week, seeing $205 million in inflows, or roughly $40 million less in inflows during the week prior. 

Meanwhile, XRP products recorded $18.5 million last week, or nearly half the funds they pulled in during the previous seven-day period. Solana, Chainlink, and Polkadot offerings saw inflows last week of $6.9 million, $6.6 million, and $2.6 million, respectively.

Edited by Sebastian Sinclair

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BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs

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Bitcoin (BTC), the leading cryptocurrency by market value and the only macro asset open for trading over the weekend, held below $100,000, trading weak for the third straight day, as Canada joined Mexico in announcing retaliatory import tariffs against the United States.

Prime Minister Justin Trudeau said Canada would impose 25% tariffs on U.S. goods, from drinks to appliances, after President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and 10% on goods from China. China said it would file a case against the U.S. at the World Trade Organization while vowing unspecified countermeasures to safeguard its interests.

The renewed trade war, coupled with mass deportations of illegal migrants from the U.S., could add to inflation, weakening the case for speedy Fed rate cuts. BTC’s price weakness likely reflects these concerns and offers risk-off cues to traditional risky assets. The broader crypto market followed BTC lower, with the CoinDesk 20 Index falling over 2%.





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Czech National Bank To Assess Bitcoin as Part of Reserve Strategy

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The Bank Board of the Czech National Bank (CNB) has approved a proposal to evaluate investing in new asset classes, including Bitcoin, as part of its international reserve management strategy. The decision came during a meeting today where the board reviewed a report on its international reserve management for 2024.

The approval is a result of the CNB’s ongoing diversification efforts over the past two years, the central bank said. Governor Aleš Michl proposed the analysis, aiming to determine whether Bitcoin could enhance the diversification and returns of the central bank’s reserves. However, the CNB clarified that no immediate changes will occur, and the results of the analysis will guide any future steps.

This announcement comes just a day after Michl revealed intentions to allocate up to 5% of the CNB’s €140 billion reserves to Bitcoin, in an interview with the Financial Times. This allocation could make the Czech Republic the first western central bank to embrace holding bitcoin on its balance sheet. Michl emphasized that Bitcoin specifically could offer an innovative approach to reserve management and diversification.

If implemented, the CNB’s move could set a disruptive precedent for central banks globally, further highlighting the broader shift toward integrating bitcoin into traditional reserve strategies. The central bank said it plans to disclose any adjustments in its quarterly and annual reserve management reports.





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Stablecoin Supply on SOL Surged by 112% in January With TRUMP Memecoin Frenzy: CCData

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The supply of stablecoins on Solana jumped by 112% in January to a record high of $11.1 billion, CCData (a subsidiary of CoinDesk) said in a research report on Friday.

The surge coincided with the launch of Donald Trump’s memecoin $TRUMP, which caused a wave of inflows to the network, according to the report. Stablecoin supply has risen by 73.6% since $TRUMP launched on Jan. 18.

Trading activity around $TRUMP resulted in record activity on decentralized exchanges (DEXs) and contributed to stablecoin supply on Solana, surpassing its previous record set in 2022 and becoming the third largest network behind Ethereum and Tron, based on this metric.

The report also said that the market capitalization of all stablecoins has passed $200 billion, having grown by $37 billion since Trump won the U.S. election in November.

The increase in supply has also coincided with a decrease in the domination of Tether’s USDT, the largest stablecoin with a market cap of around $140 billion. According to CCData, its share of the sector dipped from 67.5% to 64.9% in January, the lowest since May 2023.

One such beneficiary of this trend appears to be Ripple’s USD, which became the fourth-largest stablecoin by trading volume on centralized exchanges in January, the report said.

Ripple spent much of the last few years locked in a legal battle with the U.S. Securities and Exchange Commission (SEC). The “Trump effect” has helped native token XRP jump by 33% to trade at over $3.10 this month, and CEO Brad Garlinghouse has spoken of a bump in U.S.-based deals and hiring as well.

Read More: Grayscale Files SEC Proposal to Convert XRP Trust Into ETF





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