Mystery Surge: What Secret is Fueling a $2.2 Billion Influx into Crypto ETPs as Bitcoin Skyrockets?

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Cryptocurrency exchange-traded products (ETPs) experienced significant inflows totaling $2.2 billion during the past week, driven by the upcoming inauguration of U.S. President-elect Donald Trump. This robust influx, representing the largest year-to-date for the sector, was reported by CoinShares.

The surge coincided with a 15% increase in Bitcoin’s price over the last trading week, elevating the total assets under management in crypto ETPs to a historic high of $171 billion. However, the current inflows followed a modest $47 million recorded in the previous week.


Crypto ETPs accounted for 34% of the total Bitcoin trading volumes globally, with a trading volume of $21 billion. A significant portion of the inflows, $1.9 billion, were attributed to Bitcoin ETPs, raising year-to-date inflows to $2.7 billion. Interestingly, despite the positive market trends, short-positioned products saw minor outflows of $0.5 million.

Ethereum (ETH) ETPs noticed an inflow of $246 million this week, though they remain the least successful among crypto products, with year-to-date outflows totaling $28 million.

XRP-based ETPs also performed well, with inflows reaching $31 million last week, amassing $484 million since November 2024. Strong performances were also witnessed by BlackRock’s iShares ETFs, which attracted $897 million, while Grayscale continued to experience outflows of $145 million this week, totaling $268 million for the year.

Regionally, the United States led inflows with $2 billion, alongside significant contributions from Switzerland and Canada, registering inflows of $89 million and $13 million, respectively.