According to CoinShares' latest weekly report on October 21, digital asset investment products saw inflows of $2.2 billion, marking the largest single-week increase since July of this year. This new optimism stems from rising expectations that the Republican Party will win in the upcoming U.S. elections, as they are generally seen as more supportive of digital assets. This, in turn, has led to positive price momentum. Consequently, trading volume for investment products surged by 30%, and the rise in prices and inflows brought the total managed assets close to the $100 billion threshold.

Regional capital flows have shown a polarized situation, with inflows to the U.S. reaching $2.3 billion, while almost all other countries experienced minor outflows, most notably Canada, Sweden, and Switzerland, with outflows of $20 million, $18 million, and $15 million, respectively. This may be due to minor profit-taking outside of the U.S.

Bitcoin is the main beneficiary, with inflows reaching $2.13 billion. The recent price rise prompted a $12 million inflow into Bitcoin shorts, marking the largest inflow since March of this year. Ethereum also saw an inflow of $58 million, while some altcoins experienced inflows, such as Solana ($2.4 million), Litecoin ($1.7 million), and XRP ($700,000). Multi-asset products experienced an outflow of $5.3 million, ending a streak of 17 weeks of inflows.