Crypto Blog
Investment in digital assets saw an influx of $2.2 billion last week, increasing total inflows since September’s rate cuts to $11.7 billion and lifting the year-to-date total to an all-time high of $33.5 billion.
CoinShares said that this upturn is likely driven by both a shift to easier monetary policies and the Republican party’s “clean sweep” in the recent US elections.to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin recorded $1.48 billion in inflows. However, as the crypto asset climbed to its recent all-time high price above $93,000, some investors anticipated a correction and aimed to profit from a potential drop in price by shorting Bitcoin.
Meanwhile, Solana had $24 million in inflows, while XRP and Cardano saw $4.3 million and $3.4 million, respectively. Multi-asset products experienced outflows totaling $19.4 million, with Binance also witnessing a minor outflow of $0.4 million.with $2.2 billion in inflows, followed by Hong Kong, Australia, and Canada, which recorded $27 million, $18 million, and $13 million, respectively. Switzerland also recorded modest inflows of $2.5 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP and Bitcoin Lead $2.2 Billion Crypto Inflows SurgeBitcoin grabs $2.2 billion, XRP ETP inflows signal hot trend: What's happening?
Read more »
Ether ETF Inflows Hit Record, Bitcoin Inflows Soar as BTC Eyes $90KAs the senior analyst at CoinDesk, James specializes in Bitcoin and the macro environment. His previous role as a research analyst at Swiss hedge fund Saidler & Co. introduced him to on-chain analytics. He monitors ETFs, spot and futures volumes, and flows to understand Bitcoin.
Read more »
Crypto inflows hit $1.98B amid post-election momentumCrypto investment products saw $1.98 billion in inflows during the week of Nov. 3–9, with price action pushing global AUM to a new historic record of $116 billion.
Read more »
Optimism for Republican Win Drives $2.2 Billion in Weekly Inflows into BTC, ETH ProductsCrypto Blog
Read more »
Election Euphoria Sparks $2.2 Billion Inflows, With Bitcoin as the Sole BeneficiaryCrypto Blog
Read more »
PEPE Whale Inflow Skyrockets 4,479% in 24 Hours: What's Next?PEPE sees staggering 4,479% surge in large holder inflows
Read more »