Ethereum

Bitcoin

Digital asset investment products witnessed significant inflows amounting to $407 million, primarily influenced by the upcoming U.S. elections rather than economic data. 
<a href="https://crypto.ro/en/cryptocurrencies/bitcoin">Bitcoin</a> led the surge, receiving $419 million in inflows, driven by a political shift toward Republicans, who are perceived as more favorable to the digital asset space, according to <a href="https://blog.coinshares.com/volume-204-digital-asset-fund-flows-weekly-report-b41f0790a1f3" rel="nofollow noopener" target="_blank">CoinShares</a>. 
<img decoding="async" class="alignnone" src="https://miro.medium.com/v2/resize:fit:700/1*y3EiZL5Bd6KfOMCxMeE21w.png" alt="" title="Bitcoin Hits $65K Amid Political Shift, $407M Digital Asset Inflows 36"> 
Despite stronger-than-expected economic data, which usually influences market moves, political events such as the U.S. vice-presidential debate had a more pronounced effect, with polling shifts boosting both inflows and Bitcoin prices. The U.S. accounted for $406 million of the inflows, with Canada adding $4.8 million. 
Short-Bitcoin products, on the other hand, saw outflows of $6.3 million, while multi-asset products recorded their 17th week of inflows, albeit small at $1.5 million. Ethereum continued its trend of outflows, losing $9.8 million last week. 
Blockchain equity ETFs also saw significant interest, marking one of their largest inflows of the year at $34 million, likely in response to Bitcoin’s price rally. 
<h2 id="ceffu-capitalizes-on-bitcoin-price-surge">Ceffu Capitalizes on Bitcoin Price Surge</h2> 
Ceffu, a prominent crypto trading firm, has been actively trading Bitcoin amidst the recent market movements. 
Between October 10 and 11, Ceffu accumulated 1,988 BTC, worth $120.88 million, at an average price of $60,815. Shortly after, the firm deposited 1,133 BTC to Binance at $64,047, making a profit of approximately $3.66 million, according to <a href="https://x.com/lookonchain/status/1845772184398299236" rel="nofollow" target="_blank">lookonchain</a>. 
<img decoding="async" src="https://pbs.twimg.com/media/GZ1_grfa0AAefuI?format=jpg&amp;name=4096x4096" alt="Image" title="Bitcoin Hits $65K Amid Political Shift, $407M Digital Asset Inflows 37"> 
Ceffu’s strategic trading activities highlight its agility in capitalizing on Bitcoin’s recent price surge, driven by political factors and increased market inflows. The firm’s ability to profit from short-term price fluctuations underscores its expertise in navigating volatile crypto markets.

Bitcoin Hits $65K Amid Political Shift, $407M Digital Asset Inflows

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