Crypto funds continue to flow amid US elections

According to CoinShares, the past week was positive for crypto funds, recording an inflow of $2.2 billion, which allowed the total investment volume in 2024 to increase to $29.2 billion

For the first time since June of this year, the volume of funds investing in cryptocurrencies exceeded the $100 billion mark, reaching $102 billion. Trading activity increased by 67% and amounted to $19.2 billion.

The US received $2.2 billion, while Germany saw a minor outflow of $5.1 million.

Bitcoin and Ethereum attracted $3.2 billion$ and $9.5 million$ , respectively.

CoinShares notes that institutional investors have responded positively to the improved prospects for a Trump victory. The US election could lead to increased volatility in the crypto market as early as this week.