đ Crypto Investment Products Surge to $2.2B Weekly Inflows! đ
- Crypto investment products just hit their highest inflows since July, reaching a whopping $2.2 billion, says CoinShares. đ€
- Optimism is in the air, with many betting on a potential Republican win in the upcoming US elections, which are seen as crypto-friendly.
- The US led the charge with $2.3 billion in inflows, while Canada and Sweden saw outflows. Australia joined the US with positive inflows of $1.4 million.
- Bitcoin was the big winner, raking in $2.13 billion, largely driven by BlackRockâs iShares Bitcoin ETF.
- Ether products saw $58 million in inflows, while short-Bitcoin products hit $12 million.
- October, or "Uptober," continues to shine with $2.4 billion added so far this month. đ
Stay tuned for more crypto magic!