Coinshares in its latest Digital Assets Fundflows Weekly Report revealed that the Digital asset investment products saw post-US election inflows of $1.98 billion, marking inflows for the 5th consecutive week. Notably, the year-to-date inflows have reached a new record of $31.3 billion.
Along with the surge in prices, the Global assets under management also reached a new all-time high of $116 billion in the aftermath of a Trump victory. Trading volumes also surged to $20 billion, which is not a new record but the highest since April this year.
Bitcoin and Ether Record Huge Inflows
Notably, the US-based funds dominated which saw $1.95 billion of inflows, although Europe also saw inflows in Switzerland and Germany, totaling $23 million and $20 million respectively.
Bitcoin witnessed inflows of $1.8 billion, with inflows of $9 billion since the US Federal Reserve cut interest rates for the first time this cycle in September. The combination of a supportive macro environment and a dramatic shift in the US political system is likely driving the investor sentiments, the report noted.
Ethereum, which has been stumbling, also saw inflows of $157 million last week, the largest inflow since the ETF launch in July this year, which marks a significant improvement in sentiment.
Altcoins And Crypto Stocks Rally
Solana, Uniswap, and Tron-based funds also registered moderate inflows and blockchain equities added $61 million. Notably, the post-election rally has pushed Bitcoin very close to $85K, which has in turn pushed the crypto-related stocks like COIN and HOOD higher. Bitcoin mining stocks also riding the high tide. Bitcoin is currently trading at $84,455, up above 4% in the past 24 hours.
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