Digital Asset Inflows Reach $1.98B, Global AUM Hits ATH of $116B : Coinshares

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. 

The post appeared first on Coinpedia

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 90,190.16 3.43%
Ethereum (ETH) $ 3,236.75 1.57%
Tether (USDT) $ 1.00 0.27%
Solana (SOL) $ 220.09 7.48%
BNB (BNB) $ 632.26 4.25%
Dogecoin (DOGE) $ 0.39343 8.24%
XRP (XRP) $ 0.701722 6.13%
USDC (USDC) $ 1.00 0.12%
Lido Staked Ether (STETH) $ 3,234.79 1.90%
Cardano (ADA) $ 0.574632 7.72%