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Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures

News Feed - 2025-01-22 08:01:05

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The return of Donald Trump to the presidency has caused a wave of enthusiasmin the digital asset market, with institutional investors making bold bets on cryptocurrencies like XRP and Solana. This trend is noted by the CoinShares’ Digital Asset Fund Flows Weekly Report,which reveals a historic influx of funds into the crypto market with total assets under management (AuM) now at a new all-time high. Trump Euphoria Sparks Record-Breaking Inflows


It has been only a few weeks into 2025, but investment funds tied to cryptocurrencies are already pulling in crazy numbers that are a tease of what’s to come throughout the year. According to data from CoinShares, crypto asset investment funds witnessed inflows of $2.2 billion last week, the largest inflow so far this year. Notably, this marks an increase of about 4,480% from the $48 million in net inflows that the funds received in the previous week. Related Reading XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue 4 days ago


The vast increase in fund inflows was caused by a euphoria surrounding Donald Trump’s incoming administration, which many are expecting to be favorabletowards the crypto industry. This euphoria drove the total AuM in crypto funds to $171 billion at the end of last week, which is also its highest value ever. 


Unsurprisingly, Bitcoin was the standout performer.In terms of flow, Bitcoin saw $1.9 billion in net inflows, bringing its YTD total to $2.7 billion in three weeks. Bitcoin also saw outflows of about $0.5 million from short positions, further relaying the bullish sentiment. 


The outflow from short-Bitcoin funds is very surprising, given they tend to receive inflowsduring price rallies, as shown by flows in previous weeks. Trading volumes on exchange-traded products (ETPs) also soared to $21 billion, accounting for 34% of Bitcoin’s trading volume on trusted exchanges. Big Players Bet Big On XRP And Solana


XRP and Solana are two surprising standout performersamidst the general inflows. These are not surprising, as there were news headlines flying around during the week that the Trump administration is likely going to prioritize cryptocurrenciescreated in the US like XRP and Solana. Related Reading Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst 2 weeks ago


XRP continues to garner significant attention, recording $31 million in inflows last week alone. Since mid-November 2024, XRP has accumulated an impressive $484 million in total inflows. This run of inflows shows that XRP is having a growing appeal among institutional investors,which is relayed through its price action over the past few months. XRP now finds itself trading close to its all-time highof $3.40, having recently reached an intraday high of $3.34 in the past 24 hours. 


Solana’s funds also witnessed $2.5 million in inflows last week. This number is projected to increase substantiallyby the next report, given the success of the Official Trump meme coin, which was launched on the Solana network.


Regionally, the United States dominated inflows with $2 billion, followed by Switzerland at $89 million and Canada at $13 million. Also, Ethereum saw inflows of $246 million last week to reverse earlier outflows. However, Ethereum is still the poorest performeramong major assets in terms of fund flows this year with $28 million in outflow. XRP trading at $3.1 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com

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