So far this year, the total inflow of funds has reached $33.5 billion.
Source: cryptoslate
Translated by: Blockchain Knight
Last week, digital asset investment products saw inflows of $2.2 billion. This reflects a broader market uptrend spurred by Trump's victory in the U.S. presidential election.
A few days ago, the digital asset market saw inflows peak at $3 billion, bringing the total assets under management (AUM) to a historic high of $138 billion.
BTC's record price performance during this period prompted an outflow of approximately $866 million, with a net inflow of $2.2 billion.
According to CoinShares, the total inflow of funds has reached $11.7 billion since the interest rate cut in September. The total inflow of funds so far this year has reached $33.5 billion.
CoinShares Research Director James Butterfill explained, "The recent surge in activity seems to stem from two reasons: loose monetary policy and the Republican Party's resounding success in the recent U.S. elections."
BTC's dominance remains strong, with inflows reaching $1.48 billion.
The significant inflow of funds is related to the strong performance of U.S. spot exchange-traded funds (ETFs), which continue to attract great attention from retail and institutional traders.
According to CoinShares, BlackRock's IBIT and Fidelity's FBTC saw inflows of $2.1 billion and $4 million, respectively.
On the other hand, the Ark 21 Shares fund saw an outflow of $153 million, surpassing Grayscale's outflow, which was $108 million this week.
Meanwhile, BTC's record price performance breaking the $90,000 barrier has attracted bearish traders, who invested $49 million to short BTC products.
Additionally, the bullish market sentiment seems to have also influenced interest in Ethereum, which attracted significant inflows of $646 million (equivalent to 5% of its assets under management).
Butterfill links this influx of funds to the election results and the proposed Beam Chain network upgrade.
Other assets, including Solana, XRP, and Cardano, saw smaller inflows of $24 million, $4.3 million, and $3.4 million, respectively.
