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Crypto funds see $2.2 billion inflows, with Bitcoin leading

Author: Content Editor
According to a report by CoinShares, crypto investment products attracted a surge in inflows, reaching $2.2 billion last week, the largest weekly increase since July 2024. The majority of these inflows were driven by optimism surrounding a potential Republican victory in the upcoming US elections. Bitcoin saw the most significant investment, with $2.13 billion in inflows, coinciding with its recent price surge. The United States dominated in terms of fund flow rate, while other countries experienced minor outflows, potentially due to profit-taking. Ethereum saw more modest inflows, and several altcoins also experienced positive investment flows. The influx of investments has had a notable impact on trading volumes and pushed total assets under management closer to the $100 billion mark. Multi-asset investment products saw outflows of $5.3 million, ending a 17-week streak of consecutive inflows. Overall, the crypto market has had a positive start to the week, with Bitcoin trading around $68,300 and Ethereum above $2,700.

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