COIN

Bitcoin

April

Reserve

<p>Coinshares in its latest Digital Assets Fundflows Weekly <a href="https://blog.coinshares.com/volume-208-digital-asset-fund-flows-weekly-report-20c547f8f8ef">Report </a>revealed that the Digital asset investment products saw post-US election inflows of $1.98 billion, marking inflows for the 5th consecutive week. Notably, the year-to-date inflows have reached a new record of $31.3 billion.</p>   
<p>Along with the surge in prices, the Global assets under management also reached a new all-time high of $116 billion in the aftermath of a Trump victory. Trading volumes also surged to $20 billion, which is not a new record but the highest since April this year.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-and-ether-record-huge-inflows">Bitcoin and Ether Record Huge Inflows</h2>   
<p>Notably, the US-based funds dominated which saw $1.95 billion of inflows, although Europe also saw inflows in Switzerland and Germany, totaling $23 million and $20 million respectively.</p>   
<p>Bitcoin witnessed inflows of $1.8 billion, with inflows of $9 billion since the US Federal Reserve cut interest rates for the first time this cycle in September. The combination of a supportive macro environment and a dramatic shift in the US political system is likely driving the investor sentiments, the report noted.&nbsp;</p>   
<p>Ethereum, which has been stumbling, also saw inflows of $157 million last week, the largest inflow since the ETF launch in July this year, which marks a significant improvement in sentiment.</p>   
<h2 class="wp-block-heading" id="h-altcoins-and-crypto-stocks-rally">Altcoins And Crypto Stocks Rally</h2>   
<p>Solana, Uniswap, and Tron-based funds also registered moderate inflows and blockchain equities added $61 million. Notably, the post-election rally has pushed Bitcoin very close to $85K, which has in turn pushed the crypto-related stocks like COIN and HOOD higher. Bitcoin mining stocks also riding the high tide. Bitcoin is currently trading at $84,455, up above 4% in the past 24 hours.&nbsp;</p>

Digital Asset Inflows Reach $1.98B, Global AUM Hits ATH of $116B : Coinshares

Table of Contents

CoinPedia News

Other articles published on Nov 11, 2024

Solana (SOL), Dogecoin (DOGE), and Maybe Even Cardano (ADA) Will See New ATHs by January 2025

SEC Is 'Done,' Former Official Says; Ex-Binance CEO CZ Makes Crucial Warning as BTC Hits New ATH,...

Scaling the Future: Ethereum to Launch Namechain Layer-2 Blockchain

Best Crypto for Massive Growth Potential in 2025: Everything You Need to Know [Top List]

FTX Sues Binance and CZ in Effort to Recover $1.8 Billion

Stargate Finance Price Prediction 2025, 2026 – 2030: Will STG Price 2X?

Join our free newsletter for daily crypto updates!