After Donald Trump's victory in the U.S. presidential elections, the cryptocurrency market experienced a significant influx of funds — the total amount of investments in crypto investment products reached $1.98 billion. The growing interest in cryptocurrencies against the backdrop of the elections led to the total value of assets under management in these products reaching $116 billion.
The largest inflow is observed in investments related to Bitcoin: over the week, $1.79 billion flowed into Bitcoin products. Ethereum also attracted significant investments of $157 million. Funds in products based on several digital assets amounted to $23.4 million, while those based on #Solana totaled $3.9 million. Less popular assets such as XRP, Litecoin, and Cardano also showed inflows of $500,000, $200,000, and $100,000 respectively. At the same time, products offering access to other assets recorded an outflow of $300,000, while short positions on Bitcoin saw an outflow of $2.7 million.
Major crypto exchanges #Binance also noted a significant influx of stablecoins amounting to $9.3 billion into the Ethereum network right after the elections. Historically, such inflows of stablecoins and the subsequent rise in prices often accompany a bull market. Bitcoin exchange-traded funds recorded a record daily inflow of $1.38 billion, highlighting the active return of investor interest in cryptocurrency.
Trump's victory predictably sparked a wave of optimism: the former U.S. president is known for his support of the crypto sector. It is expected that under his leadership, regulation will become more predictable, and officials loyal to cryptocurrencies may be appointed to key positions. Historically, elections in the U.S. have indeed been accompanied by a rise in Bitcoin: after the elections in 2012, 2016, and 2020, its returns over the next 90 days were 87%, 44%, and 145%, respectively. I believe that 'the final resolution is yet to come.'
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