Republican Win Anticipation Sparks $2.2B Digital Asset Inflows
Key Takeaways
- Digital investment products recorded one of the best weeks, seeing $2.2 billion in net inflows.
- U.S. markets were the biggest catalyst behind the inflows.
- Multi-asset investment products recorded their first week of outflows after 17 consecutive weeks of inflows.
Digital asset investment products saw a significant influx of capital last week—the largest since July—as investors increasingly anticipate a Republican win on Nov. 5.
Republican Victory Hope Drove Inflows
New data from CoinShares reveals that digital asset investment products attracted a staggering $2.2 billion in net inflows as election optimism boosts investor confidence.
The surge in investor interest has driven trading volumes up 30% as market participants position themselves for a potential crypto-friendly environment under a Republican administration.
Polling data suggests that Donald Trump is gaining ground , with a significant lead over Kamala Harris on Polymarket and improving odds to win six out of seven swing states. This shift in sentiment has reignited hopes that a Republican victory will lead to a more favorable regulatory environment for digital assets.
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As a result, the crypto market has experienced a significant upswing, with total assets under management for digital investment products now nearing $100 billion.
Crypto Investment Products Draw Billions
Bitcoin (BTC)-based investment products in the United States led the market last week, attracting a significant $2.13 billion in inflows.
This surge was fueled by recent price increases and market volatility , which spiked investor interest. Short Bitcoin products also saw a rise, reaching $12 million, marking the highest level in seven months.
Ethereum (ETH) investment products recorded net inflows of $58 million, with other altcoins following suit. Solana (SOL)-based products saw inflows of $2.4 million, while Litecoin (LTC) drew $1.7 million. Ripple (XRP) products also joined the action, recording $0.7 million in net inflows.
In a notable shift, multi-asset investment products experienced $5.3 million in outflows, breaking a 17-week streak of consecutive inflows.
The U.S. dominated the digital asset investment space, with $2.3 billion in inflows last week, largely driven by Bitcoin ETFs. Meanwhile, other regions, including Canada, Sweden, and Switzerland, saw net outflows as investors took profits outside the U.S.
