Volume 208: Digital Asset Fund Flows Weekly Report
From CoinShares Research Blog by James Butterfill
US$1.98bn Surge in Digital Asset Inflows Amid Post-Election Market Momentum
- Digital asset investment products saw inflows of US$1.98bn post-US election, with price action pushing global AuM to a new high of US$116bn.
- Regional inflows were primarily concentrated in the US (US$1.95bn), with additional inflows in Switzerland (US$23m) and Germany (US$20m).
- Bitcoin led inflows with US$1.8bn, supported by macroeconomic factors and US political shifts, while Ethereum saw its largest inflows since July (US$157m).
Digital asset investment products saw post-US election inflows of US$1.98bn, marking inflows for the 5th consecutive week with year-to-date inflows having reached a new record of US$31.3bn. Global assets under management, following the price rises last week, also reached a new all-time high of US$116bn. Trading volumes rose US$20bn, not a new record but the highest since April this year.
Regionally, the flows were centred on the US, which saw US$1.95bn of inflows, although Europe also saw inflows in Switzerland and Germany, totalling US$:23m and US$20m respectively.
Bitcoin saw inflows of US$1.8bn, with inflows of US$9bn since the US Federal Reserve cut interest rates for the first time this cycle in September. A combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment.
Ethereum, which has been floundering, saw inflows of US$157m last week, the largest inflow since the ETF launches in July this year, marking a considerable improvement in sentiment.
A range or altcoins saw inflows, notably Solana (US$3.9m), Uniswap (US$1m) and Tron (US$0.5m). Blockchain equities also saw inflows of US$61m.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Crypto prices
More
