Crypto inflows nearly $2 billion

Following the US election, digital asset investment products attracted $1.98 billion in inflows, marking the fifth consecutive week of positive inflows. This helped total year-to-date inflows reach a new record of $31.3 billion.

Global assets under management also hit a record high of $116 billion following recent price increases. Trading volumes jumped by $20 billion, the most since April, but this is not a new record.

Market Uptrend Puts Pressure on Short-Term Bitcoin Products

According to the latest edition of CoinShares’ weekly digital asset fund flow report, Bitcoin saw $1.8 billion in inflows, bringing the total to $9 billion since the first interest rate cut in the US Federal Reserve cycle in September.

According to the asset manager, the favorable macroeconomic environment, as well as major changes in the US political system, have contributed to strong investor sentiment.

Ethereum also saw inflows of $157 million last week after a period of underperformance. In fact, this is the largest inflow since the launch of the spot Ether ETF in July, indicating a significant improvement in market sentiment towards the cryptocurrency. Next in line are multi-asset products, with inflows of $23.4 million over the past week.

Several other altcoins saw inflows, led by Solana with $3.9 million and Uniswap with $1 million. XRP and Tron each saw inflows of $0.5 million, while Litecoin and Cardano saw smaller inflows of $0.2 million and $0.1 million, respectively. Blockchain stocks also saw inflows totaling $61 million.

During the same period, short Bitcoin products saw outflows of $2.7 million, marking the only cohort of digital asset investment products to experience negative movement. While the broader market saw strong inflows, Bitcoin short outflows suggest investors were positioning more cautiously or betting on further price appreciation.

The United States leads regional influxes

The United States leads regionally with inflows of $1.95 billion, followed by Europe, where Switzerland and Germany recorded inflows of $23 million and $20 million, respectively. . Sweden, however, recorded capital outflows of $25.7 million.

Zooming out, Australia and Brazil attracted $6 million and $3.7 million in entries over the past week. In contrast, Canada and Hong Kong experienced modest capital outflows of $1.7 million and $0.8 million, respectively.