Trump’s 401(k) Crypto Order Ignites $1.57B ETP Surge—Wall Street Scrambles to Keep Up

Former President Trump’s executive order on 401(k) crypto exposure sends shockwaves—ETPs roar back with a $1.57 billion rebound.

Wall Street’s old guard clutches pearls as digital asset vehicles eat their lunch. Again.

Bonus jab: Traditional finance still thinks 'blockchain' is a new type of Peloton accessory.

Ethereum inflows outpace Bitcoin

According to the CoinShares report, ethereum ETPs continued to dominate, with $268 million in inflows—the highest of any asset last week.

This pushed Ethereum’s year-to-date inflows to a record-breaking $8.2 billion, a significant milestone that helped drive its assets under management (AuM) up by 82% to an all-time high of $32.6 billion.

The milestone comes as ETH crosses the $4,000 mark, with the market anticipating further upside above $5,000 before the end of the year.

Meanwhile, Bitcoin posted a strong recovery of $206 million in inflows last week after two consecutive outflows.

As a result, BTC-focused funds have attracted over $20 billion in fresh capital this year, led by BlackRock’s IBIT, which has received over $26 billion in inflows.

XRP and Solana inflows reach record $2 billion

XRP and solana continue to draw significant institutional investors outside of the two dominant digital assets.

Last week, Solana registered $21.8 million in inflows, while XRP and NEAR attracted $18.4 million and $10.1 million, respectively.

This fresh wave of capital has helped push XRP-focused funds inflow to a record high of $1.1 billion, while Solana funds have seen $874 million in inflows.

Across regions, the US led global inflows with $608 million, followed by Canada at $16.5 million and Australia at $7.9 million. Hong Kong and Switzerland also posted modest gains of $1.4 million and $1.1 million, respectively.

In contrast, European markets remained under pressure, with Germany and Sweden posting combined outflows of $50 million.