Donald Trump's Return to the Whitehouse Boosts Digital Assets Ecosystem

Donald Trump’s return to the Whitehouse appears to have boosted the rate of inflows into the digital assets ecosystem.

CoinShares’ data reveals a $1.9 billion injection into digital assets last week, as noted by CoinDesk. This surge in inflows might be linked to one of the executive orders signed by President Trump, which focuses on establishing a Bitcoin strategic reserve asset.

CoinShares’ report also highlights several other digital assets that experienced significant inflows. Ethereum saw a $205 million surge, while XRP saw investors inject $18.5 million into its ecosystem. Solana, Chainlink, and Polkadot also experienced inflows of $6.9 million, $6.6 million, and $2.6 million, respectively.

Interestingly, the bulk of these inflows were attributed to institutional investors, with iShares ETFs leading the way with a weekly inflow of over $1.45 billion. Despite the large inflows, digital asset prices remained relatively flat in the past week.

Bitcoin closed the week at $102,573 after reaching a weekly high of $109,356. The cryptocurrency experienced a price rejection and began the new week trading below the $100,000 mark, at $99,099, according to data from TradingView.

This price drop is seen as temporary by analysts, as the market awaits further details on Trump's crypto-focused policies. Many investors are also treading carefully, waiting for more clarity from regulators and policymakers before making any major moves.