Digital asset investment products have experienced a significant influx totaling $1.9 billion last week. This surge brings the year-to-date inflows to $4.8 billion. The increase follows recent presidential executive orders promoting Bitcoin as a strategic reserve asset. Notably trading volumes reached $25 billion last week accounting for 37% of all transactions on trusted crypto exchanges.

The US led the regional inflows with $1.7 billion heightened by optimistic sentiment from the executive order news. Other notable increases were seen in Canada Switzerland and Germany with inflows of $31 million $35 million and $23 million respectively. Bitcoin dominated the sector with $1.6 billion in inflows this year making up 92% of the total. Following recent highs the market saw a rise in short-Bitcoin ETFs with inflows of $5.1 million.

Altcoins also saw positive movements with Ethereum and XRP securing inflows of $205 million and $18.5 million. Smaller digital assets like Solana Chainlink and Polkadot reported inflows of $6.9 million $6.6 million and $2.6 million. Notably this past week did not record any outflows from digital asset investment products.

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Nasdaq is now looking to make it easier for Bitcoin exchange-traded funds (ETFs) to operate.

The exchange has filed with the U.S. Securities and Exchange Commission (SEC) to allow “in-kind” bitcoin redemptions for BlackRock’s iShares Bitcoin Trust (IBIT).

This will make the bitcoin ETF more institutional friendly and reduce redemptions costs.

Part of Nasdaq’s filing

If approved, Authorized participants (APs) will be able to redeem ETF shares for bitcoin itself instead of cash. Up until now, bitcoin have been must be sold to deliver cash to investors, a process that has been called out as complicated and costly.

The proposal calls this “an alternative…

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