According to CoinShares, crypto exchange-traded products (ETPs) experienced their largest inflows of the year last week, totaling $2.2 billion.
James Butterfill, director of research at the investment firm, attributed this surge in inflows to the excitement surrounding the inauguration of US President-elect Donald Trump.
The significant increase in the value of Bitcoin, which rose 15% in the last trading week, also contributed to a record $171 billion in total assets under management in crypto ETPs.
This increase follows a week in which only $47 million worth of inflows were recorded.
In addition, global cryptocurrency ETP trading volumes remained strong at $21 billion.