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Crypto investment products recorded inflows of $407 million, according to the latest report from CoinShares. 
As per the <a href="https://blog.coinshares.com/volume-204-digital-asset-fund-flows-weekly-report-b41f0790a1f3" rel="nofollow noopener" target="_blank">report</a>, this influx of capital appears to be driven more by the upcoming US elections than traditional monetary policy factors. 
<h3 class="font-600 text-xl font-bold" id="bitcoin-leads-the-pack-in-crypto-inflows">Bitcoin leads the pack in crypto inflows</h3> 
Bitcoin emerged as the primary beneficiary of this investment inflow, attracting $419 million in inflows. The report suggests that recent political shifts, particularly in the United States, have played a crucial role in driving these investments. 
<figure id="attachment_600353" aria-describedby="caption-attachment-600353" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-600353 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/10/Screenshot-2024-10-14-141632.png" alt="$407M pours into crypto funds, Bitcoin takes the lead." width="665" height="515" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/10/Screenshot-2024-10-14-141632.png 665w, https://www.cryptopolitan.com/wp-content/uploads/2024/10/Screenshot-2024-10-14-141632-300x232.png 300w" sizes="(max-width: 665px) 100vw, 665px">
 <figcaption id="caption-attachment-600353" class="wp-caption-text">
 Source: <a href="https://blog.coinshares.com/volume-204-digital-asset-fund-flows-weekly-report-b41f0790a1f3" target="_blank" rel="noopener nofollow">CoinShares</a>
 </figcaption>
</figure> 
Interestingly, the report highlights that stronger-than-expected <a href="https://www.cryptopolitan.com/feds-balance-sheet-drops-by-66-billion/">economic data</a> had little impact on stemming outflows. 
Instead, the latest US vice presidential debate and a slow shift in polling towards the Republicans, led to an immediate boost in both inflows and prices. This is in a perception that Republicans are more pro-crypto. 
<h3 class="font-600 text-xl font-bold" id="united-states-enjoyed-406-million-inflow">United States enjoyed $406 million inflow</h3> 
The United States accounted for a staggering $406 million of the total inflows. Interestingly, Canada was the only other country with notable inflows, recording $4.8 million. 
In contrast to Bitcoin’s strong performance, short-Bitcoin investment products experienced outflows of $6.3 million. 
Multi-asset investment products continued their positive trend, marking their 17th consecutive week of inflows, but with a modest $1.5 million. Ethereum, however, resumed its trend of outflows, with $9.8 million leaving Ethereum-focused products last week. 
Blockchain equity ETFs also saw major interest, recording one of their largest weekly inflows this year at $34 million. This surge in blockchain equity investments is likely a response to the rise in Bitcoin price recently. 
According to <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener nofollow">CoinGecko data</a>, Bitcoin is up by 2.5% in the last 24 hours. At press time, BTC is trading at $64,400 after surging from its 24 hour low of $62,000. 
In the last seven days, BTC fell as low as $59,000. But this week started on a positive note as the overall crypto market cap has surged alongside the prices of Bitcoin, Ethereum and other top altcoins.

$407M pours into crypto funds, Bitcoin takes the lead

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