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James

Crypto investment products attracted $407 million in net inflows globally last week, marking a significant positive shift for the market. The <a href="https://blog.coinshares.com/volume-204-digital-asset-fund-flows-weekly-report-b41f0790a1f3" rel="noopener noreferrer nofollow">data</a>, provided by CoinShares highlights a sharp reversal of the previous trend of outflows. The sudden increase in capital was mainly due to a change in the United States political landscape.&nbsp;
<h2 id="b-us-based-crypto-investment-funds-led-the-inflows-b">US-based Crypto Investment Funds Led the Inflows</h2>
According to James Butterfill, Head of Research at Coinshares, the Republicans have gained momentum ahead of the upcoming US presidential election. Most of the inflows came from investment funds based in the US, reflecting increasing optimism that a Republican-led government could favor cryptocurrency regulatory conditions.&nbsp;
Canadian crypto investment products also performed well, recording approximately $4.8 million in inflows. However, investment products outside North America experienced net outflows, indicating that not all regions are equally excited about digital assets. With the 2024 US presidential election on the horizon, market participants will closely watch the political landscape, as its outcome may significantly impact the future of digital asset investment.
Meanwhile, Blockchain equity ETFs saw one of the largest weekly inflows, totaling $34 million due to a rise in Bitcoin prices.
<h2 id="b-us-spot-bitcoin-etfs-see-continuous-inflows-b">US Spot Bitcoin ETFs See Continuous Inflows</h2>
A few days ago, US-based spot Bitcoin Exchange-Traded Funds (ETFs) <a href="https://thecoinrise.com/spot-bitcoin-etfs-see-253-6m-inflows-as-bitcoin-rallies-blackrock-holds-steady/" rel="noopener noreferrer nofollow">witnessed $253.6 million in net inflows</a>. This achievement marked a rebound after <a href="https://thecoinrise.com/bitcoin-etfs-witness-outflows-as-market-dynamics-shift/" rel="noopener noreferrer nofollow">three consecutive days of outflows</a>. The Fidelity Wise Origin Bitcoin Fund led the inflows, with $117.1 million in net investments. Likewise, the ARK 21Shares Bitcoin ETF followed suit, attracting $97.6 million.
Other notable contributors include the Bitwise Bitcoin ETF, which saw its largest inflow in 11 trading days, totaling $38.8 million. Invesco Galaxy and VanEck Bitcoin ETFs also registered positive inflows during the same period. Despite this surge, BlackRock’s iShares Bitcoin Trust (IBIT) saw no new inflows. However,<a href="https://thecoinrise.com/blackrock-fidelity-takes-early-spot-bitcoin-etfs-lead/" rel="noopener noreferrer nofollow"> BlackRock continues to dominate the space</a>, with $21.7 billion in total net inflows, solidifying its leadership position among Bitcoin ETF issuers.
<h2 id="b-bitcoin-set-for-post-election-surge-b">Bitcoin Set for Post-Election Surge</h2>
With Bitcoin currently <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">trading </a>at $64,914, up about 3.5% in the last 24 hours, many experts remain optimistic about its future performance. Between political uncertainty, <a href="https://thecoinrise.com/bitcoin-halving-2024-completed-miners-analyze-the-implications/" rel="noopener noreferrer nofollow">halving events, </a>and increased liquidity,<a href="https://thecoinrise.com/bitcoin-set-for-post-election-surge-as-us-debt-woes-fuel-bullish-outlook/" rel="noopener noreferrer nofollow"> Bitcoin is gearing up for a major rally</a> before the year ends.&nbsp;
According to CK Zheng, chief investment officer of ZX Squared Capital, Bitcoin’s price is likely to benefit regardless of who wins the upcoming US presidential election. Notably, BTC has historically seen gains during political uncertainty, and the 2024 election may follow this pattern. CoinGlass data showed that Bitcoin rallied over 50% in six fourth quarters since 2013, with <a href="https://thecoinrise.com/bitcoin-on-the-brink-of-breakout-analyst-points-to-historical-halving-patterns/" rel="noopener noreferrer nofollow">halving events boosting those gains even further</a>.
The post <a href="https://thecoinrise.com/crypto-investment-see-407m-inflows-last-week-heres-why/" rel="noopener noreferrer nofollow">Crypto Investment Products See $407M Inflows Last Week, Here’s Why</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Crypto Investment Products See $407M Inflows Last Week, Here’s Why

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