CandleFocus

CoinShares: US political landscape fuels $901m inflows into crypto funds

Crypto investment products saw inflows of $901 million in October, making it the fourth-largest inflow month on record. This accounted for 12% of total assets under management. The United States led the surge in inflows with $906 million, while Germany and Switzerland also saw positive inflows. However, Canada, Brazil, and Hong Kong experienced modest outflows. The focus was mainly on Bitcoin, which saw inflows of $920 million, while Ethereum recorded the largest outflows. Solana attracted attention with inflows of $10.8 million. Additionally, blockchain equities experienced positive momentum for the third consecutive week. On the other hand, activity among Bitcoin whales decreased, suggesting cautiousness as the U.S. Election Day approaches.

Related News