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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-inject-2-2-billion-into-crypto-products-ahead-of-us-elections/" data-wpel-link="internal">Investors Inject $2.2 Billion into Crypto Products Ahead of US Elections</a><br></p>
<p style="text-align: justify">Crypto investment products recorded an influx of $2.2 billion, driven by growing optimism ahead of the US elections. This influx marked the largest weekly increase since July. In the United States, expectations for a Republican victory have heightened optimism among investors regarding <a href="https://en.coin-turk.com/donald-trump-faces-political-turbulence-and-crypto-market-reactions/" data-wpel-link="internal">cryptocurrencies</a>. Consequently, trading volume surged by 30%, bringing total assets under management close to $100 billion.</p> 
<h2 style="text-align: justify" id="us-sees-inflows-while-other-regions-experience-profit-taking">US Sees Inflows While Other Regions Experience Profit Taking</h2> 
<p style="text-align: justify">The United States emerged as the focal point for inflows into <a href="https://en.coin-turk.com/cryptocurrency-whales-stirring-significant-transfers-predict-possible-market-storm/" data-wpel-link="internal">crypto</a> investment products, attracting $2.3 billion. However, countries like Canada, Sweden, and Switzerland experienced minor outflows. Canada saw a $20 million outflow, Sweden $18 million, and Switzerland $15 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-399042" src="https://coin-turk.com/wp-content/uploads/2024/10/16eCvpdhtTtZLwFSxtclKbQ.webp" alt="" width="1400" height="1407"></p> 
<p style="text-align: justify">It is believed that outflows in crypto investment products likely stem from investors outside the US realizing their profits.</p> 
<p style="text-align: justify">Bitcoin (BTC) emerged as the week’s biggest winner with an influx of $2.13 billion. Additionally, Bitcoin investment products featuring short positions saw $12 million in inflows, recording the highest weekly influx for such products since March.</p> 
<h2 style="text-align: justify" id="ethereum-and-other-altcoins-attract-attention">Ethereum and Other Altcoins Attract Attention</h2> 
<p style="text-align: justify">Ethereum (ETH) joined the rally this week, garnering $58 million in inflows. Altcoins like Solana (<a href="https://en.coin-turk.com/solanas-price-surge-analysts-weigh-in-on-future-growth/" data-wpel-link="internal">SOL</a>), Litecoin (LTC), and XRP attracted investments of $2.4 million, $1.7 million, and $700,000, respectively. However, a different trend occurred in multi-asset products, which ended a 17-week streak of inflows with a $5.3 million outflow.</p> 
<p style="text-align: justify">The fluctuations in crypto investment products echo the increasing interest and expectations surrounding the US presidential elections. The anticipation that Republicans will support cryptocurrencies has created a positive atmosphere in the markets.</p> 
<p>The post <a href="https://en.coin-turk.com/investors-inject-2-2-billion-into-crypto-products-ahead-of-us-elections/" data-wpel-link="internal">Investors Inject $2.2 Billion into Crypto Products Ahead of US Elections</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Inject $2.2 Billion into Crypto Products Ahead of US Elections

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