Last week saw nearly $4 billion flow into digital assets, with the U.S. accounting for 99% of the total influx. Investors are responding to President Trump’s initiative to open retirement accounts to alternative assets. Ethereum ETPs attracted $2.87 billion in new assets, bringing year-to-date inflows to a record $11 billion. Ethereum reached almost $4,800 after Federal Reserve Chairman Jerome Powell hinted at a possible interest rate cut. BlackRock’s iShares led the action, with significant inflows into Ethereum and Bitcoin Trust ETFs. Bitcoin received a $552 million boost, while smaller cryptos like Solana and XRP also saw inflows. Annual inflows are being led by iShares, ProShares, Fidelity, 21Shares AG, and Bitwise Funds Trust.

Read more at Yahoo Finance: Trump’s 401(k) expansion fuels ethereum boom