Republican

2024

USDQ

James

<ul class="wp-block-list">
 <li>According to CoinShares, these funds have now had net inflows for six weeks running.</li>
 <li>The funds’ assets under management have reached a new height of $138 billion.</li>
</ul>
A new record of $33.5 billion has been reached so far this year by global crypto funds managed by global asset managers. According to <a href="https://thenewscrypto.com/metaplanet-enters-coinshares-global-equity-index-marking-first/" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a>, these funds have now had net inflows for six weeks running, with an additional $2.19 billion.
The funds’ assets under management have reached a new height of $138 billion. As pointed out by CoinShares Head of Research James Butterfill in a Monday report. This is in addition to the price increase that caused bitcoin to hit fresh all-time highs over $93,000 on Wednesday.
<h3 class="wp-block-heading" id="h-optimistic-investor-sentiment">Optimistic Investor Sentiment</h3>
According to Butterfill, the current uptick in activity seems to be fueled by a mix of loosened monetary policy. And the Republican party’s resounding victory in the US elections. Net inflows of $3 billion in the first three days were later offset by net withdrawals of $866 million. Marking a week with two halves, according to Butterfill.
Net weekly inflows of $2.21 billion were recorded by U.S-based funds, as is typical; next came $27 million from <a href="https://thenewscrypto.com/hong-kongs-za-bank-announces-pilot-for-crypto-trading-services/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong</a>, $18 million from Australia, and $13 million from Canada in the realm of cryptocurrency investment products. German investors “took profit,” with $6.8 million going out and Swedish investors $58 million, according to Butterfill.
Once again taking the lead among assets, <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>-based products had net inflows of $1.48 billion worldwide last week. The expert did point out that investors added $49 million to short-bitcoin investment vehicles after Wednesday’s record high.
Meanwhile, according to Butterfill, investment products based on <a href="http://ethereum.org" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> seem to have broken their “negative funk,” with $646 million in net inflows internationally for the week, accounting for 5% of AUM.
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Global Crypto Funds Hit Record $33.5B in 2024 Amid Recent Bitcoin Surge

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