Last week, digital asset investment products saw inflows of $2.2 billion. This reflects a broader market uptrend driven by Trump's victory in the U.S. presidential election.
A few days ago, the inflow of funds into the digital asset market peaked at $3 billion, bringing the total assets under management (AUM) to a historic high of $138 billion.
BTC's record price performance during this period prompted outflows of about $866 million, with net inflows of $2.2 billion.
According to CoinShares data, the total inflow of funds has reached $11.7 billion since the interest rate cuts in September. Year-to-date, the total inflow has reached $33.5 billion.
CoinShares research director James Butterfill explained: "The recent surge in activity seems to stem from two reasons: first, the loose monetary policy, and second, the Republican Party's significant victory in the recent U.S. election."
BTC's dominance remains strong, with inflows reaching $1.48 billion.
The significant inflow of funds is associated with the strong performance of U.S. spot exchange-traded funds (ETFs), which continue to attract great attention from retail and institutional traders.
According to CoinShares data, BlackRock's IBIT and Fidelity's FBTC saw inflows of $2.1 billion and $4 million, respectively.
On the other hand, the Ark 21 Shares fund experienced an outflow of $153 million, surpassing Grayscale's outflow of $108 million this week.
Meanwhile, BTC's record price performance breaking the $90,000 mark attracted bearish traders who invested $49 million to short BTC products.
Additionally, the bullish market sentiment seems to have also influenced interest in Ethereum, which attracted a massive inflow of $646 million (equivalent to 5% of its assets under management).
Butterfill links this inflow of funds to the election results and the proposed Beam Chain network upgrade.
Other assets, including Solana, XRP, and Cardano, saw smaller inflows of $24 million, $4.3 million, and $3.4 million, respectively.
