CoinShares: Last week, net inflows into digital asset investment products reached 2 billion US dollars

According to the latest weekly report from CoinShares, inflows into digital asset investment products increased by a further $2.2 billion last week. Since the first rate cut in September, total inflows have risen to $11.7 billion, with this year's inflow reaching a record-breaking $33.5 billion so far. Inflows in the first half of the week were $3 billion, despite Bitcoin prices hitting an all-time high which led to outflows totaling $866 million in the second half of the week. Recent market activity, particularly Bitcoin breaking its historical high point, pushed total assets under management (AuM) earlier this week to reach a new peak of $138 billion. The recent surge seems driven by loose monetary policy and Republican victories in recent U.S elections.

Regional sentiment was mixed; net inflows for America were at 2.2 billion dollars followed by Hong Kong, Australia and Canada with respective inflows of 27 million dollars, 18 million dollars and 13 million dollars respectively while investors from Sweden and Germany saw profit-taking outflows amounting to 58 million dollars and 6.8 million dollars respectively . Bitcoin had an influx of funds worth about1 .48 Billion USD but recent price highs stimulated investors injecting around49 Million USD into bearish bitcoin investment products.Ethereum seemed free from negative sentiments as it received an influx worth646 Million USD(5%of managed assets), possibly due to Justin Drake’s Beam Chain network upgrade proposal along with recent US elections.Solana also saw an influx worth24 Million USD.