PANews, November 4 - According to CoinShares' latest weekly report, last week saw an inflow of $2.2 billion into digital asset investment products, bringing the total inflow for the year to a record $29.2 billion. This inflow, combined with the recent price increase, has caused total assets under management (AuM) to exceed $100 billion for only the second time in history, comparable to the $102 billion level in early June 2024. Trading volume increased by 67% week-on-week, reaching $19.2 billion, accounting for 35% of the total Bitcoin trading volume on credible exchanges.
From a regional perspective, the inflow of funds to the United States reached $2.2 billion, while Germany also saw an inflow of $5.1 million. The excitement brought by the Republican Party's prospects for victory may be the reason for this influx of funds, just like in the first few days of last week, when a small amount of funds flowed out on Friday as polling results changed, highlighting Bitcoin's current sensitivity to the U.S. election.
Bitcoin was almost the only beneficiary, with an inflow of $2.2 billion last week, although the recent price surge also prompted an inflow of short Bitcoin funds amounting to $8.9 million. The inflow for Ethereum was lukewarm, totaling $9.5 million, in stark contrast to the bullish momentum of Bitcoin or Solana, which saw an additional inflow of $5.7 million last week. A series of altcoins saw smaller inflows, most notably Polkadot ($670,000) and Arbitrum ($200,000).
