Trump's election victory sparks crypto investment frenzy, with $2.2 billion flooding into the market
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Trump's election victory sparks crypto investment frenzy, with $2.2 billion flooding into the market
The total amount of funds inflow to date this year has reached $33.5 billion.
Navigating Web3 tides with focused insightsSource: cryptoslate
Compiled by: Blockchain Knight
Last week, digital asset investment products saw inflows of $2.2 billion, reflecting a broader market uptrend following Trump's victory in the U.S. presidential election.
Just days ago, digital asset markets reached a peak inflow of $3 billion, pushing total assets under management (AUM) to a record high of $138 billion.
Bitcoin’s record-breaking price performance during this period led to outflows of approximately $866 million, yet net inflows still reached $2.2 billion.
According to CoinShares, total inflows since the rate cut in September have reached $11.7 billion. Year-to-date, total inflows amount to $33.5 billion.
James Butterfill, research head at CoinShares, explained: "The recent surge in activity appears driven by two factors: looser monetary policy and the Republican Party's decisive win in the recent U.S. election."
Bitcoin remains dominant, with inflows reaching $1.48 billion.
The significant inflows are linked to strong performance from U.S. spot exchange-traded fund (ETF) products, which continue to attract substantial interest from both retail and institutional traders.
CoinShares data shows that BlackRock's IBIT and Fidelity's FBTC recorded inflows of $2.1 billion and $4 million respectively.
On the other hand, Ark 21 Shares funds saw outflows of $153 million, exceeding Grayscale's outflows, which stood at $108 million this week.
In the meantime, Bitcoin’s record-breaking price surge past $90,000 has attracted bearish traders, who invested $49 million in short positions on Bitcoin products.
In addition, bullish market sentiment also appears to have boosted interest in Ethereum, which attracted substantial inflows of $646 million—equivalent to 5% of its AUM.
Butterfill attributed these inflows to the election outcome and the proposed Beam Chain network upgrade.
Other assets including Solana, XRP, and Cardano saw smaller inflows of $24 million, $4.3 million, and $3.4 million respectively.
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