Money keeps flowing into cryptocurrency companies even as President Donald Trump’s policies shake up financial markets around the world.

During the third week of January alone, investors put $362 million into 14 different crypto startups. That brings this year’s total past $1 billion, according to numbers from DeFiLlama.

Early-stage investors hold steady

The steady funding comes at a time when Trump’s trade threats have sent shockwaves through stock markets and other traditional investments. But people who invest in new companies say that kind of day-to-day market drama doesn’t really affect their decisions.

“The ‘Sell America’ trade we are seeing is mostly occurring in the public markets, not on the fundraising…