English | Español | Français
Market Cap: $ 3.39 T 24h Vol: $ 113.49 B BTC Share: 61.50%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 105,604.29 1.45%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

US Politics Sparks a $901m Surge in Cryptocurrency Fund Investment, Says CoinShares

October Sees Fourth-Largest Inflow into Cryptocurrency Investment Products Amidst U.S. Political Uncertainty

Mark Valerius by Mark Valerius
October 28, 2024
Share on FacebookShare on Twitter

Key Points

  • Crypto investment products saw inflows of $901 million in October, marking the fourth-largest inflow on record.
  • Bitcoin (BTC) led the surge with inflows of $920 million, while Ethereum (ETH) saw the largest outflows among digital assets.

Crypto investment products experienced a substantial inflow of $901 million in October.

This figure represents the fourth highest monthly inflow ever recorded, contributing to 12% of total assets under management.

Record Inflows and Influences

Year-to-date inflows now stand at $27 billion, almost tripling the previous record of $10.5 billion established in 2021.

James Butterfill, head of research at CoinShares, suggests that the current Bitcoin prices and flows are significantly influenced by U.S. politics, with the recent inflow surge likely tied to the Republicans’ poll gains.

Bitcoin dominated the inflow, pulling in $920 million.

Regional Performance and Asset Trends

The United States was at the forefront of the inflow surge, bringing in $906 million.

Other regions showed varied results. Germany and Switzerland recorded inflows of $14.7 million and $9.2 million, respectively, while Canada, Brazil, and Hong Kong saw modest outflows.

Despite the positive sentiment around Bitcoin, Ethereum recorded the largest outflows among digital assets last week at $35 million.

In contrast, Solana (SOL) attracted inflows of $10.8 million, and blockchain equities showed signs of recovery with inflows of $12.2 million.

Data reveals a sharp decrease in activity among Bitcoin whales, suggesting that large holders may be feeling uncertain as the U.S. Election Day approaches.

Tags: Bitcoin (BTC)

Related News

bitcoin debate

Core Developers Are ‘Risk To Bitcoin’ In Governance Battle, Says JAN3 CEO Samson Mow

June 10, 2025
Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

June 10, 2025
market libra

Argentine President Cleared Of Ethics Violations In $4.5 Billion LIBRA Crash

June 10, 2025
ripple

Ripple Bets Big On Japan: $200K Partnership Grants Signal Major Asian Expansion

June 10, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 105,604.29
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.10 T
Volume
$ 35.08 B
24h Change
1.45%
Total Supply
19.88 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com