Digital Asset Investment Products Hit Nearly $2B Inflows Post-US Election

The post Digital Asset Investment Products Hit Nearly $2B Inflows Post-US Election appeared on BitcoinEthereumNews.com. Key Points: Digital asset investment products saw inflows of $1.98 billion post-U.S. election. Bitcoin attracted $1.8 billion, while Ethereum saw its largest inflows since July at $157 million. Digital asset investment products recorded inflows totalling US$1.98 billion following the U.S. election, marking the fifth consecutive week of positive activity. Read more: Binance Founder CZ Increases Net Worth to $53 Billion After Trump Win  Digital Asset Investment Products Reach Record High Inflow Post-U.S. Election The achievement puts year-to-date inflows at an unprecedented $31.3 billion. Global assets under management reached a record high of $116 billion last week, benefiting from increasing asset prices. Meanwhile, trading volumes leaped by $20 billion, up from 4-month highs, though not a record level. Once again, the majority of inflows into digital asset investment products were concentrated in the U.S., as inflows of $1.95 billion were registered. In Europe, Switzerland and Germany topped with $23 million and $20 million, respectively. Meanwhile, Bitcoin accounted for the lion’s share, with inflows at $1.8 billion for the week and $9 billion since the first U.S. Federal Reserve interest rate cut in September. According to analysts, such growth in this industry might be explained by supportive macroeconomic conditions and strong changes within the U.S. political environment that gave more confidence to investors. Altcoins and Blockchain Equities See Significant Inflows Ethereum, which was struggling some months ago, saw inflows of $157 million. This is the largest weekly inflow since Ethereum ETFs were launched in July and suggested fresh optimism among investors. The diversified performance was seen in yet another set of altcoins, which this week benefited from the positive sentiments flowing in the market. Altcoins led by Solana saw inflows of $3.9 million, with other popular altcoins like Uniswap and Tron coming close at $1 million and $500,000, respectively. Blockchain equities joined…

Nov 11, 2024 - 14:00
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Digital Asset Investment Products Hit Nearly $2B Inflows Post-US Election

The post Digital Asset Investment Products Hit Nearly $2B Inflows Post-US Election appeared on BitcoinEthereumNews.com.

Key Points: Digital asset investment products saw inflows of $1.98 billion post-U.S. election. Bitcoin attracted $1.8 billion, while Ethereum saw its largest inflows since July at $157 million. Digital asset investment products recorded inflows totalling US$1.98 billion following the U.S. election, marking the fifth consecutive week of positive activity. Read more: Binance Founder CZ Increases Net Worth to $53 Billion After Trump Win  Digital Asset Investment Products Reach Record High Inflow Post-U.S. Election The achievement puts year-to-date inflows at an unprecedented $31.3 billion. Global assets under management reached a record high of $116 billion last week, benefiting from increasing asset prices. Meanwhile, trading volumes leaped by $20 billion, up from 4-month highs, though not a record level. Once again, the majority of inflows into digital asset investment products were concentrated in the U.S., as inflows of $1.95 billion were registered. In Europe, Switzerland and Germany topped with $23 million and $20 million, respectively. Meanwhile, Bitcoin accounted for the lion’s share, with inflows at $1.8 billion for the week and $9 billion since the first U.S. Federal Reserve interest rate cut in September. According to analysts, such growth in this industry might be explained by supportive macroeconomic conditions and strong changes within the U.S. political environment that gave more confidence to investors. Altcoins and Blockchain Equities See Significant Inflows Ethereum, which was struggling some months ago, saw inflows of $157 million. This is the largest weekly inflow since Ethereum ETFs were launched in July and suggested fresh optimism among investors. The diversified performance was seen in yet another set of altcoins, which this week benefited from the positive sentiments flowing in the market. Altcoins led by Solana saw inflows of $3.9 million, with other popular altcoins like Uniswap and Tron coming close at $1 million and $500,000, respectively. Blockchain equities joined…

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