According to a report from CoinShares, crypto investment products received inflows of $407 million, with Bitcoin being the primary beneficiary, attracting $419 million. The influx of capital is believed to be driven by the upcoming US elections, as recent political shifts and a slow shift in polling towards Republicans led to an immediate boost in both inflows and prices. The United States accounted for the majority of the inflows, while Canada was the only other country with notable inflows. Short-Bitcoin investment products experienced outflows of $6.3 million. Multi-asset investment products continued to see positive inflows, while Ethereum-focused products experienced outflows. Additionally, blockchain equity ETFs saw significant interest, likely in response to the rise in Bitcoin price. Currently, Bitcoin is up 2.5% in the last 24 hours, trading at $64,400.



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