By Shikha Singh
Crypto ETPs see $2.2 bn in Inflows Amid Trump Inauguration Euphoria.
Cryptocurrency exchange-traded products (ETPs) saw a major influx of $2.2 billion in inflows last week, driven by excitement over US President-elect Donald Trump’s inauguration and expectations of pro-crypto policies.
Bitcoin ETPs led the charge with $1.9 billion in inflows, pushing total assets under management to a record $171 billion.
Ethereum-based ETPs also saw $246 million in inflows, reversing earlier outflows, though they remain the weakest performer for the year.
XRP ETPs gained momentum, attracting $31 million in inflows, bringing their total to $484 million since November 2024.
The US saw the bulk of these inflows, while Switzerland and Canada also contributed. Despite strong performances from most crypto ETPs, Grayscale’s crypto ETFs experienced $145 million in outflows.
El Salvador Buys Another 12 Bitcoin For Country’s Reserve Despite IMF Deal.
El Salvador has purchased an additional 12 Bitcoin in the past few days, increasing its holdings to 6,044 BTC, valued at over $617 million.
Despite a recent agreement with the International Monetary Fund (IMF) to reduce some of its crypto policies, the country continues to expand its Bitcoin reserve, acquiring Bitcoin on January 19 and 20.
The country’s Bitcoin stockpile has generated a profit of $179 million, aided by recent price surges. El Salvador’s Bitcoin adoption remains significant, though a survey revealed that 92% of Salvadorans do not use Bitcoin for transactions.
Trump’s WLF Bags Over $100 mn in Crypto Tokens On Inauguration Day.
Prior to President Donald Trump’s inauguration on Jan. 20, World Liberty Financial, a decentralized finance (DeFi) project associated with the Trump family, made significant cryptocurrency purchases.
The project’s wallet acquired $46.8 million in Ether and $46.7 million in wrapped Bitcoin, along with smaller tokens like Ethena, Tron, Chainlink, and Aave, bringing its holdings to $326.2 million.
The buying spree raised interest in the Trump family’s crypto endeavors, including World Liberty Financial’s recent sale of 20% of its tokens and speculation over Trump-tied memecoins.
Additionally, Trump launched the Official Trump token, which briefly surged in market cap before a drop on Inauguration Day.
Zachary Folkman and Chase Herro are leading the project, with strong support from the Trump family.
Ethereum Foundation to Set Aside 50K ETH to Support DeFi Apps.
The Ethereum Foundation has announced it will allocate 50,000 Ether, worth around $165 million, to support Ethereum’s decentralized finance (DeFi) ecosystem.
The funds will be secured in a multisig wallet and used to support app builders while offering greater transparency to the community.
The foundation’s total holdings have dropped 56% since 2020, now standing at 269,000 Ether, but this move aims to bolster its treasury.
Despite criticisms from figures like Infinix founder Kain Warwick, who accuses the foundation of lacking interest in DeFi, Ethereum co-founder Vitalik Buterin emphasized that the foundation is not pivoting ideologically or engaging with regulators.
David Bailey Sparks Excitement with Trump’s Executive Orders on Cryptocurrency.
David Bailey, CEO of Bitcoin Magazine, revealed on January 21 that former President Donald Trump’s first 200 executive orders included provisions related to Bitcoin and the cryptocurrency market.
While Bailey confirmed this, he lacked details on the specific contents of the orders. This announcement has sparked excitement within the cryptocurrency community, as these orders could introduce significant regulations affecting Bitcoin and altcoins.
Market participants are eagerly awaiting the impact of these executive decisions, with expectations that they could positively influence the cryptocurrency sector.
The potential actions from the U.S., a global financial powerhouse, could have far-reaching effects, especially after a strong recovery in the cryptocurrency market in 2023 and 2024.
Bitget Research Claims 20% of Gen Z and Alpha Are Open to Crypto-based Pensions.
A study by Bitget’s research division revealed that 20% of Generation Z and Alpha prefer receiving their pensions in cryptocurrency over traditional options like real estate, private retirement plans, and savings accounts.
Additionally, 78% of respondents trust alternative retirement savings options more than traditional pension systems, and 40% of young adults have already invested in cryptocurrency. However, 73% admitted they don’t fully understand how traditional pension funds work.
The findings highlight a shift toward digital assets in retirement planning, with younger generations seeking more control, flexibility, and transparency. Despite this interest, challenges like crypto volatility and regulatory concerns may hinder broader adoption.
You need to login in order to Like
