Last week, inflows into digital asset investment products totaled US$2.2 billion, bringing total inflows this year to US$29.2 billion.
Euphoria over a possible Republican victory in the US elections contributed to the inflows, but there were some outflows on Friday as polls changed.
#Bitcoin was almost the only currency to see inflows of US$2.2 billion, while #ethereum and #solana saw more modest inflows.
Last week was a landmark week for digital assets, with US$2.2 billion invested in digital asset investment products.
However, at the end of the week, optimism waned after the publication of polling data indicating a change in trends in the elections, which led to a small outflow of funds on Friday.
According to a CoinShares report, the recent market rally also contributed to the growth in assets under management, which broke the $100 billion mark for the second time in history, reaching a high of $102 billion.
This growth is significant because it was the result of a combination of new capital inflows and price recovery in a volatile environment.
Transaction volume also rose 67% from the previous week to $19.2 billion, accounting for 35% of all bitcoin transactions on trusted exchanges.
the main beneficiary of this flow was bitcoin, which attracted $2.2 billion, reflecting continued investor confidence in the world's largest #cryptocurrency .
Although $8.9 million was invested in short positions in bitcoin, the majority of investments were made in this asset. In contrast, Ethereum attracted only $9.5 million, indicating that despite its importance, this cryptocurrency is not attracting as much interest as bitcoin and Solana, which received $5.7 million.
Trends in digital assets, especially bitcoin, show a strong correlation with political and economic events.
As the election approaches, investors seem to react to expectations of who will win, which leads to fluctuations in investment funds.
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