Crypto exchanges donate $21M to pro‑Trump PAC as altcoins drive $47.2B ETP inflows

Major cryptocurrency exchanges contributed $21 million to a pro‑Trump Super PAC ahead of the US primary season, filings with the Federal Election Commission show. The disclosures show Gemini Trust Company gave $1.5 million in USDC, while Foris Dax, identified in filings as the parent company of Crypto.com, made two separate $10 million contributions.

Crypto.com has previously engaged with Trump‑affiliated entities, including a recently announced partnership involving Trump Media and its treasury strategy. The donations reflect continued industry support for Trump‑aligned groups after 2024 and have coincided with regulatory leadership changes, the signing of stablecoin legislation and ongoing congressional work on a broader crypto market structure bill.

Separately, European asset manager CoinShares reported crypto exchange‑traded products logged $47.2 billion in inflows in 2025, about 3% below 2024's $48.7 billion. Bitcoin fund inflows fell about 35%, from $41.7 billion in 2024 to roughly $27 billion, while Ether, XRP and Solana ETPs saw substantial gains.

CoinShares said Ether ETPs attracted $12.7 billion (up 138%), Solana funds rose to $3.6 billion (a 1,000% increase from $310 million) and XRP products reached $3.6 billion (up 500% from $608 million). Global crypto ETP assets under management rose to about $180 billion from $160 billion, and CoinShares head of research James Butterfill noted remaining altcoins saw a 30% year‑on‑year decline in inflows.

Key Topics

Crypto, Gemini Trust Company, Foris Dax, Maga Inc, Coinshares, Ether