- Crypto investment funds saw nearly $2 billion in inflows last week following Trump’s election victory
- Bitcoin ETFs received substantial attention, contributing to a record $116 billion in total assets under management
- Ethereum funds attracted $157 million, with US ETFs seeing their largest inflows since July
- Bitcoin reached $84,375, marking a 23% increase over seven days
- Trump’s pro-crypto stance and Wall Street support influenced market momentum
Record-Breaking Crypto Fund Inflows Post-Trump Victory
Cryptocurrency investment vehicles experienced unprecedented growth following Donald Trump‘s election win.
CoinShares data reveals investors allocated nearly $2 billion to digital asset investment funds last week.
The majority of investments targeted Bitcoin ETFs, which received regulatory approval from the Securities and Exchange Commission (SEC) in January.
ETF Performance and Market Impact
Major asset managers including Fidelity, BlackRock, and Grayscale saw substantial inflows into their Bitcoin-tracking funds.
Total assets under management across all tracked funds reached a historic peak of $116 billion.
"A combination of a supportive macro environment and seismic shifts in the U.S. political system being the likely reason for such supportive investor sentiment," stated CoinShares in their Monday report.
Ethereum Gains Momentum
Ethereum investment products attracted $157 million globally last week.
American Ethereum ETFs recorded their highest inflows since their July trading debut.
Bitcoin Price Reaches New Heights
Bitcoin approached $85,000 on Monday morning, according to CoinGecko data.
The cryptocurrency currently trades at $84,375, representing a 23% increase over seven days.
This price surge exceeds the previous all-time high by more than $11,000, established on Election Day.
Trump’s Impact on Crypto Markets
The former president’s victory has significantly influenced cryptocurrency market dynamics.
Trump, scheduled for inauguration on January 20, 2025, has positioned himself as a supporter of Bitcoin and digital assets.
His election success resonated positively with both crypto enthusiasts and traditional Wall Street investors.
Leading hedge fund managers had positioned their investments anticipating Trump’s victory.
The combination of institutional support and political developments continues to drive cryptocurrency market growth.
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