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