Crypto ETPs see strong performance following Trump's strategic crypto reserve proposal
Last week, cryptocurrency exchange-traded products (ETPs) saw a fresh injection of $1.9 billion, marking the third consecutive week of inflows and bringing the year-to-date total to $4.7 billion. This was likely due to US President Donald Trump's executive order proposing a strategic crypto reserve. Bitcoin ETPs accounted for the majority of inflows, with Bitcoin-based crypto ETPs attracting $1.6 billion last week, or 92% of all crypto ETP inflows YTD. Grayscale continued to see major outflows from its crypto ETPs, leading weekly outflows at $124 million.
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