{"id":1456,"date":"2024-10-21T15:47:47","date_gmt":"2024-10-21T15:47:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1456"},"modified":"2024-10-21T15:47:47","modified_gmt":"2024-10-21T15:47:47","slug":"bitcoin-etf-inflows-surge-to-over-2-billion-amid-rising-trump-election-odds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1456","title":{"rendered":"Bitcoin ETF Inflows Surge To Over $2 Billion Amid Rising Trump Election Odds"},"content":{"rendered":"<div>\n<p>Digital asset investment products saw inflows surge to $2.2 billion last week, marking the largest weekly increase since July 2023. <\/p>\n<p><strong>What Happened<\/strong>: The surge is being attributed to growing optimism surrounding a potential Republican victory in the upcoming <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41424841\/donald-trumps-polymarket-odds-rise-to-61-3-after-mcdonalds-appearance\">U.S. presidential election<\/a>, as Republicans are generally perceived to be more favorable toward the digital asset sector, according to a <strong>Coinshares <\/strong><a href=\"https:\/\/coinshares.com\/corp\/resources\/market-activity\/fund-flows-21-10-24\/\">report<\/a>.<\/p>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) was the main beneficiary, recording an impressive $2.13 billion in inflows.<\/p>\n<p>According to the report from CoinShares, this comes as trading volumes in digital asset investment products increased by 30%. <\/p>\n<p>Price appreciation and inflows have brought total assets under management (AUM) in the crypto market close to the $100 billion threshold.<\/p>\n<p>Speaking with Benzinga, <strong>Pedro Lapenta<\/strong>, Head of Research at <strong>Hashdex<\/strong> said that with BTC only 9% away from its all-time high price, the market stands at a very interesting moment for long-term investing and if historical patterns hold, we may be on the cusp of explosive price action in the coming months.<\/p>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>), the second-largest cryptocurrency, saw &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41432761\/bitcoin-etf-inflows-surge-to-over-2-billion-amid-rising-trump-election-odds\" alt=\"Bitcoin\" etf inflows surge to over billion amid rising trump election odds>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Digital asset investment products saw inflows surge to $2.2 billion last week, marking the largest weekly increase since July 2023. What Happened: The surge is being attributed to growing optimism surrounding a potential Republican victory in the upcoming U.S. presidential election, as Republicans are generally perceived to be more favorable toward the digital asset sector, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1456","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1456"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1456\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}