Equity

Uniswap

TRON

Read

James

Crypto investment products saw nearly $2 billion in post-election inflows, pushing year-to-date inflows to a record $31.3 billion, according to data from CoinShares.
Crypto investment products recorded $1.98 billion in inflows following last week’s U.S. election, raising year-to-date inflows to a record $31.3 billion and bringing global assets under management to an all-time high of $116 billion, CoinShares <a href="https://blog.coinshares.com/volume-208-digital-asset-fund-flows-weekly-report-20c547f8f8ef" target="_blank" rel="noopener noreferrer nofollow">reported</a> on Monday, Nov. 11.
This marks the fifth consecutive week of inflows, with the U.S. leading regional interest at $1.95 billion, followed by Switzerland ($23 million) and Germany ($20 million).
Bitcoin led the inflows, attracting $1.8 billion last week and bringing its net inflows since the U.S. Federal Reserve’s rate cut in September to $9 billion. James Butterfill, CoinShares head of research, noted that the surge reflects investor optimism driven by favorable macroeconomic conditions and shifting U.S. political dynamics.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “A combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment.”
 James Butterfill
</blockquote>
Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) also saw significant activity, with $157 million in inflows, marking its largest weekly figure since exchange-traded funds launched in July and indicating renewed interest.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/coinshares-crypto-investment-inflows-hit-record-29-2b-ytd/"> CoinShares: Crypto investment inflows hit record $29.2b YTD </a>
Alternative coins showed gains as well, with Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>), Uniswap (<a href="https://crypto.news/price/uniswap/" target="_blank" rel="noopener noreferrer nofollow">UNI</a>), and TRON (<a href="https://crypto.news/price/tron/" target="_blank" rel="noopener noreferrer nofollow">TRON</a>) receiving $3.9 million, $1 million, and $0.5 million in inflows, respectively. Blockchain equities attracted $61 million, underscoring broader interest in digital assets as trading volumes climbed by $20 billion, the highest level since April.
Following Donald Trump’s recent presidential victory, many analysts expect increased activity among traditional investors in the crypto space, anticipating more cash infusion in crypto-focused exchange-traded funds. Gemini’s co-founder Cameron Winklevoss recently <a href="https://crypto.news/bitcoins-rally-to-80k-not-driven-by-retail-fomo-geminis-winklevoss-says/" target="_blank" rel="noopener noreferrer nofollow">expressed optimism</a> behind Bitcoin’s recent price surge, saying the positive dynamic was likely triggered by “steady ETF demand.” He also implied that the real rally has barely begun, anticipating further growth to $100,000.
As of press time, Bitcoin continues to surpass previous all-time highs, reaching a new peak above the $82,000 mark.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/coinshares-adds-metaplanet-to-its-blockchain-global-equity-index/"> CoinShares adds Metaplanet to its Blockchain Global Equity Index </a>

CoinShares: Crypto products hit record YTD inflows of $31.3b

crypto.news

Other articles published on Nov 11, 2024

6 Best Cheap Crypto to Buy Now Under 1 Dollar November 11 – Dogecoin, Ondo, Sei, The Graph

Cardano (ADA) price surges 80%: What's Next?

Bitcoin Price Breaks New Ground for Altcoins

Miles Deutscher Highlights $FOXY’s Surge, Rumors of Linea Token Fuel Excitement

Trump’s Win Boosts Bitcoin Prices Dramatically

Memecoins Rally as Trump Wins 2024 US Presidential Election: $XYZ Next To Skyrocket by 19,900% as...

Join our free newsletter for daily crypto updates!