Euphoria Over Pro-Crypto Trump Fuels $2.2 Billion Inflow Into Digital Asset Products, Bitcoin Dominates

Digital asset investment products recorded $2.2 billion in inflows last week, driven by market optimism surrounding Donald Trump‘s inauguration.

What Happened: Total assets under management propelled to a record $171 billion, marking the largest weekly inflow of the year.

According to a Coinshares report, the significant surge in digital asset investment owes credit to investor enthusiasm for Trump’s inauguration on Monday, Jan. 20.

Last week, inflows reached $2.2 billion, a yearly high, bringing year-to-date (YTD) inflows to $2.8 billion.

Also Read: Melania Rises, Official Trump Falls: Experts Say Meme Coins Signal ‘Paradigm Shift’ And Potential Blow To TradFi

Total assets under management (AuM) for digital asset products also hit a new all-time high of $171 billion.

Bitcoin (CRYPTO: …

Full story available on Benzinga.com