<p class="is-style-lead">Last week, digital asset investment products saw their highest weekly inflows ever, amounting to $3.85 billion.</p>
<p>According to <a href="https://blog.coinshares.com/volume-212-digital-asset-fund-flows-weekly-report-4737ab57e17c?source=user_profile_page---------0-------------103ad236dcdd---------------" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a>, the inflows to the digital asset investment products touched a record high of $3.85 billion last week, driving the yearly intake to $41 billion thus far. This figure exceeds the prior recent high of $2.7 billion, signifying a historic period of investor confidence in the market.</p>
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="1100" height="2184" src="https://crypto.news/app/uploads/2024/12/download.webp" alt="The image shows data tables from CoinShares breaking down weekly, monthly, and year-to-date (YTD) flows, as well as assets under management (AUM) for various cryptocurrency investment categories. " class="wp-image-14318223" style="width: 100%;height:auto">
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  Source: <a href="https://blog.coinshares.com/volume-212-digital-asset-fund-flows-weekly-report-4737ab57e17c" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a> <br>
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<p>Bitcoin (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/bitcoin/">BTC</a>) continues to be the top asset, pulling in $2.55 billion of inflows. The positive flows in Ripple (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/xrp/">XRP</a>) and Litecoin indicate a broad allocation of capital across digital assets. Ethereum experienced its largest weekly inflow year-to-date at $1.2 billion. In comparison, $14 million in capital flowed out from Solana (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/solana/">SOL</a>), reflecting a shift in focus among investors. Blockchain equities, on the whole, also saw $124 million in inflows, which is the highest since January.&nbsp;</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/its-another-stock-market-for-him-trump-to-focus-on-bitcoin-price-after-inauguration/"> ‘It’s another stock market for him’: Trump to focus on Bitcoin price after inauguration </a></p>
<p>Region-wise, the U.S. continued its dominance in total inflows at $3.57 billion, followed by Switzerland at $159.5 million. Total assets under management across digital asset investment products now amount to $165 billion as a result of the new inflows.&nbsp;</p>
<h1 class="wp-block-heading" id="strong-crypto-boom-as-trump-s-popularity-on-the-rise-strong"><strong>Crypto boom as Trump’s popularity on the rise</strong></h1>
<p>The massive momentum the crypto market is witnessing is likely due to two major events. President-elect Donald Trump has appointed venture capitalist David Sacks as the first-ever White House AI and <a rel="noopener noreferrer nofollow" href="https://crypto.news/trump-pick-david-sacks-as-white-house-ai-crypto-czar/">crypto czar</a>, a part of his strategic push to make the U.S. the global leader in cryptocurrency innovation. Sacks will be tasked with making rules and crafting laws for both AI and crypto, as well as chairing the Presidential Council of Advisors for Science and Technology. Another reason is Federal Reserve Chair <a rel="noopener noreferrer nofollow" href="https://crypto.news/powell-says-bitcoin-is-competitor-for-gold-not-dollar/">Jerome Powell’s</a> support for BTC. On Dec. 5, Powell said that BTC is deemed as a competitor for gold, not the dollar, at DealBook Summit 2024.&nbsp;</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/crypto-com-partners-with-deutsche-bank-for-corporate-banking-expansion/"> Crypto.com partners with Deutsche Bank for corporate banking expansion </a></p>
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   <p lang="en" dir="ltr">Jerome Powell Live at DealBook Summit 2024 <a rel="noopener noreferrer nofollow" href="https://t.co/rw4fWXJioI" target="_blank">https://t.co/rw4fWXJioI</a></p>— Andrew Ross Sorkin (@andrewrsorkin) <a href="https://twitter.com/andrewrsorkin/status/1864379310599196846?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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  DealBook Summit 2024 where Powell compared Bitcoin to gold.
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<p>These pro-crypto moves under soon-to-be president Donald Trump have not only pumped the morals of crypto investors in the market but have also increased Trump’s popularity. Many betters believe Trump has an <a href="https://polymarket.com/event/time-2024-person-of-the-year?tid=1733883945675" target="_blank" rel="noopener noreferrer nofollow">82%</a> chance of winning the<a href="https://time.com/7200122/person-of-the-year-2024-shortlist/" target="_blank" rel="noopener noreferrer nofollow"> Time 2024 Person of the Year</a> on Polymarket, a popular prediction market.&nbsp;<br></p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/emerging-token-gears-for-massive-rally-whales-load-up-as-xrp-lags/"> Emerging token gears for massive rally; Whales load up as XRP lags </a></p>

Crypto Investment Products hit a new weekly inflows record at $3.85B; total yearly intake reaches $41B

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