๐บ๐ธ U.S election optimism fuels $2.2 billion inflows in crypto products.
Digital investment products continue to see a positive trend amid optimism over a potential Republican election win in the United States, CoinShares stated in its latest Digital Asset Fund Flows Weekly Report on Oct. 21.
โWe believe this renewed optimism stems from growing expectations of a Republican victory in the upcoming US elections, as they are generally viewed as more supportive of digital assets,โ CoinSharesโ head of research, James Butterfill, wrote.
The ๐บ๐ธ U S led the surge in crypto product investments during the week of Oct. 12โ18, with inflows hitting $2.3 billion. Other regions, including Canada and Sweden, saw outflows of $19.9 million and $18.2 million, respectively.
Australia was the only country that recorded positive investments alongside the US, with $1.4 million in inflows.
