Crypto Executive Order Drives $1.9B Digital Asset Inflows

  • Last week, Ethereum and XRP experienced significant fund inflows.
  • Trump’s crypto executive order generates historic fund inflows.

In global digital asset funds, $1.9 billion flowed in last week, as investors responded to the crypto executive order issued recently by U.S. President Donald Trump. That is a pretty good step towards more transparency in regulations for the United States, which, in turn, has deeply impacted global crypto investment products from firms like iShares, Grayscale, Fidelity, Bitwise, CoinShares, and BlackRock. The order’s aim to position the U.S. as a crypto capital has sparked renewed optimism in the market.

Some other altcoins, Ethereum and XRP, received relatively high inflows. The weekly inflows generally slipped lower than the prior week’s record $2.2 billion into $1.9 billion this past week. With about $205 million in inflows, Ethereum topped the pack, followed closely by XRP at over $18.5 million. On the other hand, Bitcoin leads not only in the market value but also in terms of inflow size.

Trump’s Executive Order Drives $1.9 Billion in Crypto Fund Inflows

The surge in fund inflows is largely linked to Trump’s crypto executive order, which the president signed last week. The order therefore marks a pretty clear shift into enabling innovation and adoption in this crypto industry and removing regulatory hurdles and barriers. Now, by doing away with certain prior laws, the order aims to create more favorable conditions for digital asset investment.

The favorable change in regulation was a game changer for the industry, and further interest and capital inflows surged into the industry. U.S.-based investors supplied $1.7 billion from the $1.9 billion inflows during the period of the executive order, which resulted in a deep impact on the U.S.-based market. Trading volumes peaked at $25 billion, however, without prices surging across the board but rather reflecting wider positive sentiment into crypto.

As such, overall increased inflows in the U.S. crypto market because of Trump’s executive order suggest that clearer regulations and a more supportive environment for digital assets could continue to attract mainstream investment with even higher inflows in the future.

Source: https://www.livebitcoinnews.com/crypto-executive-order-drives-1-9b-digital-asset-inflows/