US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads

The aftermath of the recent US elections has triggered a remarkable influx of $2.2 billion into digital assets, as reported by CoinShares. This influx has propelled the year-to-date inflows to an unprecedented $33.5 billion, with total assets under management (AuM) reaching a new high of $138 billion.

Significant Inflows and Outflows

During the first half of the week, digital asset inflows reached $3 billion. However, the latter half saw a reversal with outflows amounting to $866 million, attributed to Bitcoin's (BTC) price reaching all-time highs. Bitcoin itself attracted $1.48 billion in inflows, alongside $49 million directed towards short Bitcoin products.

Ethereum and Other Assets

Ethereum (ETH) experienced a resurgence, garnering $646 million in inflows, which constitutes 5% of its AuM. This rebound is partly credited to the Beam Chain network upgrade proposal by Justin Drake, as well as the influence of the US elections. Solana (SOL) also saw a positive inflow of $24 million.

Regional Investment Dynamics

Regionally, the United States led with $2.2 billion in inflows, followed by Hong Kong, Australia, and Canada, which saw inflows of $27 million, $18 million, and $13 million respectively. Conversely, investors in Sweden and Germany capitalized on profits, resulting in outflows of $58 million and $6.8 million.

This recent surge in investment activity underscores the impact of a more relaxed monetary policy and the Republican party's clean sweep in the elections, as noted by CoinShares. The digital asset market continues to evolve, reflecting a blend of geopolitical events and technological advancements.

For more detailed insights, visit the official CoinShares website.