Coinshares, in its latest Digital Assets Fundflows Weekly Report, has unveiled a significant trend in the digital asset investment landscape. Post-US election, investment products related to digital assets have experienced notable inflows amounting to $1.98 billion. This marks the fifth consecutive week of inflows, setting a positive momentum in the market. Impressively, the year-to-date inflows have now reached a new milestone of $31.3 billion.
Alongside the rise in asset prices, the global assets under management have also achieved a new peak, hitting $116 billion following the recent election outcome. Although trading volumes have soared to $20 billion, this figure is not a new record; however, it is the highest observed since April of this year.
Bitcoin and Ether Record Significant Inflows
In an interesting turn of events, US-based funds emerged as dominant players, accounting for $1.95 billion of the total inflows. Meanwhile, Europe also witnessed positive inflows, particularly in Switzerland and Germany, recording $23 million and $20 million, respectively. Bitcoin, the leading cryptocurrency, experienced substantial inflows of $1.8 billion. Since the US Federal Reserve’s initial rate cut this cycle in September, Bitcoin has seen inflows totaling $9 billion. The report suggests that the combination of a supportive macroeconomic environment and a transformative shift in the US political landscape is likely influencing investor sentiment.
Ethereum, although having faced some challenges, showed signs of recovery with inflows of $157 million last week. This represents the largest inflow since the launch of its ETF in July this year, signifying a noticeable improvement in market sentiment towards Ethereum.
Altcoins and Crypto Stocks Experience a Rally
In addition to Bitcoin and Ethereum, altcoins such as Solana, Uniswap, and Tron-based funds also registered moderate inflows, indicating a broader interest in diverse digital assets. Blockchain equities further contributed to the positive trend with an addition of $61 million. The post-election rally has propelled Bitcoin to approach the $85K mark, which has subsequently boosted crypto-related stocks like COIN and HOOD. Additionally, Bitcoin mining stocks are also benefiting from this upward momentum, riding the wave of increased interest and investment in the sector. Currently, Bitcoin is trading at $84,455, reflecting a rise of over 4% in the past 24 hours.
The digital asset market continues to demonstrate resilience and growth, driven by evolving investor interests and macroeconomic factors. As the landscape progresses, stakeholders remain keenly observant of further developments that could influence market dynamics and investment opportunities.
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