Key Points
- Digital asset investment products experienced massive inflows of $2.2bn in a single week, driven by optimism around potential Republican victory, pushing the total year-to-date inflows to a record $29.2bn.
- Total assets under management reached over $100bn for only the second time in history, while Bitcoin dominated inflows with $2.2bn, showing stark contrast to Ethereum’s modest $9.5m inflow.
US Election Sentiment Drives Record Crypto Investment Surge
A recent research report by CoinShares indicates that the digital asset investment landscape witnessed a remarkable surge last week, with investment products attracting $2.2 billion in inflows, primarily driven by optimism surrounding potential Republican electoral success. This significant influx has contributed to a record-breaking year-to-date total of $29.2 billion, marking a historic milestone in the cryptocurrency investment sector.
Bitcoin Dominance Continues as Total AUM Hits Historic Levels
Trading volumes experienced a substantial 67% week-over-week increase, reaching $19.2 billion and representing 35% of total Bitcoin trading on trusted exchanges. The surge in investments has pushed the total assets under management (AUM) beyond the $100 billion threshold, matching levels previously seen in early June 2024. Bitcoin emerged as the primary beneficiary, capturing nearly all inflows at $2.2 billion, while short-bitcoin positions saw modest inflows of $8.9 million.
Regional Distribution and Altcoin Performance
The United States dominated the regional distribution of inflows with $2.2 billion, while Germany contributed a modest $5.1 million. In the altcoin space, Ethereum’s performance remained subdued with just $9.5 million in inflows, contrasting sharply with the broader market enthusiasm. Solana maintained its positive momentum with additional inflows of $5.7 million, while other altcoins like Polkadot and Arbitrum saw minor positive flows of $0.67 million and $0.2 million respectively.
