Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures
Donald Trump's return to the presidency has sparked significant enthusiasm in the digital asset market, leading to record inflows into cryptocurrencies. CoinShares reported $2.2 billion in inflows last week, a 4,480% increase from the previous week, pushing total assets under management (AuM) in crypto funds to an all-time high of $171 billion. Bitcoin led with $1.9 billion in net inflows, totaling $2.7 billion year-to-date. XRP and Solana also saw notable inflows, with XRP attracting $31 million last week and a total of $484 million since mid-November 2024. Solana recorded $2.5 million in inflows, bolstered by the launch of a Trump-themed meme coin. The U.S. accounted for the majority of inflows at $2 billion, followed by Switzerland and Canada. Ethereum experienced $246 million in inflows but remains the weakest performer this year with $28 million in outflows.
