Republican

United

Bitcoin

James

<p>The crypto markets are experiencing a massive influx of capital in October, with $3.4 billion in investments, including $900 million just last week. This spectacular rise occurs in a particular American political context, where favorable polls for the Republicans boost the confidence of institutional investors.</p> 
<h2 id="h-un-mois-d-octobre-record-pour-les-investissements">A record October for investments</h2> 
<p>Major asset managers like <a href="https://www.cointribune.com/en/expanding-bitcoin-etf-blackrock-exceeds-expectations/" target="_blank" rel="noreferrer noopener">BlackRock</a> and Fidelity have seen massive inflows into their crypto funds during the last week of October.</p>
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<p>According to the latest <a href="https://www.theblock.co/post/323240/republican-poll-gains-fuel-crypto-fund-inflows?utm_source=rss&amp;utm_medium=rss" target="_blank" rel="noreferrer noopener">CoinShares report</a>, investment products in digital assets attracted an additional $901 million, bringing the monthly total to $3.36 billion. This performance accounts for 12% of assets under management and makes October 2024 the fourth most significant month in history in terms of capital inflows.</p> 
<p>The <a href="https://www.cointribune.com/en/bitcoin-nears-60-dominance-will-the-rise-continue/" target="_blank" rel="noreferrer noopener">Bitcoin largely dominates these investments</a> with $920 million in net weekly inflows. BlackRock’s IBIT has stood out particularly, leading the American Bitcoin ETFs that total nearly a billion dollars in net inflows. This momentum has propelled the price of Bitcoin to $68,554, representing a 62.2% increase since the beginning of the year.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://coinbase-consumer.sjv.io/c/2801338/552039/9251" target="_blank" rel="noreferrer noopener">Your 1st cryptos with Coinbase</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
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<h2 id="h-l-effet-republicain-sur-les-marches-crypto">The Republican effect on crypto markets</h2> 
<p>James Butterfill, head of research at CoinShares, draws a direct link between this increase in investments and the American political context. “<em>The current flows are significantly influenced by the political dynamics in the United States, with the recent capital inflows coinciding with the Republicans’ rise in polls</em>,” he analyzes.</p> 
<p>Data from the Polymarket platform reveals that <a href="https://www.cointribune.com/en/why-would-a-victory-for-trump-benefit-bitcoin/" target="_blank" rel="noreferrer noopener">the pro-crypto Republican candidate now leads in six key states</a>, with an 84% chance of obtaining a Republican Senate. This prospect of a potentially crypto-friendly administration boosts the confidence of institutional investors.</p> 
<p>This optimism is also reflected in the annual figures, with inflows totaling $27 billion since January, shattering the previous record of $10.5 billion set in 2021. This trend marks a major turning point in <a href="https://www.cointribune.com/en/institutional-investors-are-flocking-to-bitcoin-etf/" target="_blank" rel="noreferrer noopener">institutional adoption of cryptos</a>, now regarded as a strategic asset class in an uncertain political context.</p>

The Trump Effect Drives Crypto Investments To Historic Highs

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