Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures
Donald Trump returns to the presidency caused a wave of craze In the digital asset market, institutional investors are making bold bets on cryptocurrencies such as XRP and Solana. CoinShares’ digital asset fund takes note of the trend Traffic weekly report, This demonstrates the historic influx of funds into the cryptocurrency market, with total assets under management (AuM) currently at an all-time high.
Trump’s excitement sparks record inflows
We’re only a few weeks away from 2025, but crypto-related investment funds are already attracting crazy amounts of money, which is a good indication of what the whole year will be like. CoinShares data shows that crypto asset investment funds inflowed US$2.2 billion last week, the largest inflow so far this year. Notably, this marks an increase of approximately 4,480% from the $48 million in net inflows these funds received the previous week.
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The huge increase in inflows is due to the excitement surrounding Donald Trump’s incoming administration, which many are excited about. Looking forward to discounts Towards the Crypto Industry. This optimism pushed total crypto funds under management to $171 billion at the end of last week, an all-time high.
As expected, Bitcoin performed most prominently. In terms of flows, Bitcoin saw net inflows of $1.9 billion, bringing its total year-to-date inflows to $2.7 billion in three weeks. Bitcoin short positions also saw around $500,000 in outflows, further conveying bullish sentiment.
The outflows from short Bitcoin funds are very surprising considering They tend to receive inflows As the traffic in previous weeks shows, during price increases. Exchange-traded products (ETP) trading volume also surged to $21 billion, accounting for 34% of Bitcoin trading volume on trusted exchanges.
Big players bet big on XRP and Solana
XRP and Solana are two Surprisingly outstanding performer amid widespread capital inflows. None of this comes as a surprise, as headlines this week have been filled with the possibility that the Trump administration Cryptocurrencies will be prioritized Like XRP and Solana were created in the United States.
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XRP continues to receive widespread attention, recording $31 million in inflows last week alone. Since mid-November 2024, total XRP inflows have accumulated to an impressive $484 million. This round of capital inflows shows that XRP is increasingly attractive to institutional investors, This is conveyed through the price action over the past few months. XRP now finds itself trading Close to all-time high $3.40 and recently reached an intraday high of $3.34 over the past 24 hours.
Solana’s fund also saw $2.5 million in inflows last week. This number is expected to increase significantly The next report will respond to the success of the official Trump meme coin launched on the Solana network.
Regionally, the United States dominated with $2 billion in inflows, followed by Switzerland ($89 million) and Canada ($13 million). Additionally, Ethereum saw $246 million in inflows last week, reversing an earlier trend of outflows. However, Ethereum is Still the worst performer Funds have flowed into major assets this year, with outflows of $28 million.
Featured images from Medium, charts from Tradingview.com
