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The weekly influx into Crypto ETF products reached $ 1.9 billion, after supporting Bitcoin Reserve Trump.
Almost $ 2 billion flowed into investment products last week and increased $ 4.8 billion year -on -year, Coinshares revealed on January 27, January 27. Research report.
Bitcoin (BTC) continues to dominate and pulls $ 1.6 billion last week, ie 92% of the total tide. It has an investment of $ 4.4 billion annually. Short Bitcoin ETF also recorded the tide of $ 5.1 million, Coinshares notes, and added that this tide was probably from traders who are preparing for potential market pullbacks after a recent increase in bitcoins.
The US led $ 1.7 billion. Canada pulled $ 31 million, while Switzerland and Germany recorded $ 35 million and $ 23 million.
After the difficult beginning of the year, Ethereum (ETH) was reflected in the influx of $ 205 million. XRP (XRP) pulled $ 18.5 million to retain his dynamics when he hit a new historical maximum last week. As far as smaller altcoins, Solana (SOL) brought $ 6.9 million, Chainlink (link) saw $ 6.6 million and added $ 2.6 million. James Butterfill, head of Coinshares research, pointed out by AA with a surprising reversal, because “no digital assets products have seen products have seen the outlets last week”.
The tide increase comes shortly after trading in the volumes of centralized stock exchanges to $ 25 billion, which represents 37% of activities on trusted crypt stock exchanges. Butterfill described the latest development as one of the most important weeks in recent memory, powered by excitement around the potential of bitcoins as a strategic reserve asset.
There is still a debate on how smoothly bitcoins will be accepted as a reserve asset. At the end of January, Pierre Rochard, VP on Riot Platforms, Ripple of the main lobby against strategic bitcoin reserve, and claims that the company is spending millions to try to block it.
Rochard claimed that Ripple continues to prevent its XRP -based narrative and promotes digital currencies supported by the state. He also noted that Ripple had previously focused on Bitcoin mining within Biden Administration. However, Ripple Brad CEO quickly replied and said the company’s efforts comply with the wider biden management goals.
