The US election frenzy is sparking huge interest in crypto! Last week, as Bitcoin surged close to an all-time high of $73,500, investors poured $2.2 billion into crypto funds. Let’s break down how the election impact and market excitement shaped the crypto landscape! 📊🚀

💰 Massive Inflows, Driven by Political Events

The election spotlight isn't just on traditional assets – crypto is benefiting big time:

$2.2 Billion in Crypto Fund Inflows: A major boost, likely influenced by market sentiment around the US election.

Increased Interest in Short-Bitcoin Funds: With election uncertainty, investors are hedging by betting on Bitcoin's potential downside too.

🇺🇸 Election Impact on Market Sentiment

Election updates kept crypto markets on edge last week:

Early in the week, with signs of a potential Trump win, investments spiked.

Later, with Kamala Harris’s influence gaining momentum, market sentiment shifted, with more investors turning to "short-Bitcoin" funds for protection.

📉 Crypto Funds’ Growth Nearing New Heights

Crypto funds continue to attract serious investments:

Since January: $29.2 billion net inflow into crypto funds.

Assets Under Management (AUM): Reached $102 billion, a level last seen in June.

🔍 Key Highlights Across Different Funds

Bitcoin Dominates: Bitcoin funds saw a whopping $2.1 billion influx, and a weekly net of $9.5 million.

Ethereum Lags: Ethereum funds received only $758 million year-to-date, significantly lower than Bitcoin's $27 billion.

Solana and Altcoins: Solana attracted $5.7 million, while other altcoins faced minor outflows.

🏆 Top Players of the Week

Major fund managers drove significant investment activity:

BlackRock’s Bitcoin & Ether ETFs: Brought in $2.2 billion, showing strong institutional demand.

Grayscale’s Weekly Gain: $116 million added.

Fidelity’s ETFs: Received $90 million on a weekly basis, indicating steady interest.

The US election is clearly a driving force in crypto markets, boosting inflows and shaping fund strategies! Will this trend continue as we approach the final election results? Stay tuned to see how it all unfolds! 🌐🔥

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