Cryptocurrency exchange-traded products (ETPs) had another strong week, spurred by U.S. President Donald Trump’s recent executive order proposing a strategic crypto reserve, alongside Bitcoin reaching a new all-time high.
According to a report from crypto investment firm CoinShares on January 27, Trump’s executive order was a major catalyst for the $1.9 billion in inflows into global crypto ETPs last week. This marks the third consecutive week of positive inflows, bringing the total year-to-date (YTD) inflows to $4.7 billion.
While last week’s inflows were slightly down by around 13% compared to the previous week’s $2.2 billion, the continued growth signals strong investor confidence in the crypto market.
Bitcoin ETPs Dominate Inflows
Bitcoin-based ETPs accounted for the lion’s share of last week’s inflows, attracting $1.6 billion. This brings total YTD inflows into Bitcoin ETPs to $4.4 billion, making up a staggering 92% of all crypto ETP inflows so far this year. The surge in Bitcoin’s price, which recently hit a new all-time high above $109,000 on January 20, likely helped drive these inflows. Short Bitcoin ETPs also saw a rebound, with $5.1 million in inflows as traders positioned for potential market pullbacks following Bitcoin’s price surge.
Ether and Altcoins See Continued Growth
Ether-based ETPs also saw a significant rebound, with $205 million in inflows last week, continuing their recovery after earlier-year selling. YTD inflows into Ether ETPs now stand at $177 million. XRP ETPs attracted $18.5 million, though this was a 40% decline from the previous week.
Among smaller altcoins, Solana, Chainlink, and Polkadot saw notable inflows of $6.9 million, $6.6 million, and $2.6 million, respectively. Notably, no digital asset investment products saw outflows last week, according to CoinShares’ head of research, James Butterfill.
BlackRock Leads Inflows, Grayscale Faces Outflows
In terms of asset managers, BlackRock led the pack, accounting for 76% of the weekly inflows with $1.5 billion into its crypto ETPs. BlackRock’s total YTD inflows stand at $2.9 billion, with assets under management (AUM) reaching $64 billion. Other major issuers, such as Fidelity and ARK, also saw significant inflows of $202 million and $173 million, respectively.
On the other hand, Grayscale experienced major outflows, with $124 million exiting its crypto ETPs last week. This brings total outflows for Grayscale to $392 million in 2025 so far, making it the biggest outflow leader in the space.
Crypto ETPs in Strong Shape Amid Volatility
Despite the volatility, crypto ETPs are in solid shape with total AUM reaching $171 billion. Bitcoin ETPs alone account for 82% of this total. The rise in Bitcoin’s price, coupled with Trump’s pro-crypto executive order, continues to fuel optimism among institutional investors, helping to drive the market’s overall positive momentum
