{"id":2486,"date":"2024-11-12T02:01:44","date_gmt":"2024-11-12T02:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2486"},"modified":"2024-11-12T02:01:44","modified_gmt":"2024-11-12T02:01:44","slug":"bitcoin-ethereum-inflows-surge-as-crypto-fund-flows-hit-116-billion-record-high","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2486","title":{"rendered":"Bitcoin, Ethereum Inflows Surge As Crypto Fund Flows Hit $116 Billion Record High"},"content":{"rendered":"
\n

CoinShares, a leading crypto asset management firm, released its latest \u201cDigital Asset Fund Flows Weekly Report<\/a>,\u201d highlighting a notable surge in investment inflows following the US elections.<\/p>\n

$116 Billion Record High Crypto Fund Flows<\/h2>\n

The report revealed that digital asset investment products attracted $1.98 billion in inflows, bringing global assets under management (AuM) to a record high of $116 billion. This marks the fifth consecutive week of inflows, pushing year-to-date figures to $31.3 billion.<\/p>\n

The surge in inflows was primarily concentrated in the United States, which accounted for $1.95 billion of the total, driven by favorable macroeconomic conditions and political shifts, specifically the triumph of Donald Trump<\/a> emerging as the 47th president of the United States.<\/p>\n

\"Crypto<\/p>\n

Europe also saw moderate inflows, with Switzerland and Germany recording $23 million and $20 million, respectively. Notably, Bitcoin led the charge with $1.8 billion in inflows, supported by factors such as the US Federal Reserve\u2019s decision to cut interest rates earlier this cycle.<\/p>\n

James Butterfill, Head of Research at CoinShares, particularly attributed the strong investor sentiment to macroeconomic support and significant changes in the US political landscape. Butterfill wrote in the report:<\/p>\n

\n

A combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment.<\/p>\n<\/blockquote>\n

Ethereum And Altcoins See Renewed Investor Interest<\/h2>\n

The report also highlighted a marked improvement in sentiment for Ethereum. The leading altcoin<\/a> saw inflows totaling $157 million, marking its largest weekly inflow since the Ethereum-based exchange-traded funds (ETFs) launch in July 2024.<\/p>\n

This reversal of fortune for Ethereum, which had been experiencing lackluster performance, signals renewed investor confidence in the asset\u2019s prospects.<\/p>\n

\"Crypto<\/p>\n

Altcoins were not left out of the influx. Solana attracted $3.9 million in inflows, while Uniswap and Tron garnered $1 million and $500,000 respectively. Blockchain equities also saw significant interest<\/a>, with inflows totaling $61 million.<\/p>\n

The uptick in inflows across various digital assets and related equities suggests a broad-based recovery in investor sentiment, potentially fueled by macroeconomic tailwinds and optimism surrounding regulatory clarity in the market as Donald Trump emerges winner of the 2024 US election.<\/p>\n

Notably, the victory of Trump hasn\u2019t only led to these reported surges in inflows but also appears to have kickstarted a major bull run in the overall crypto market.<\/p>\n

So far, Bitcoin and other crypto assets in the market have seen double-digit gains in the past week. Particularly, over the past three days alone, Bitcoin has consistently hit new all-time highs<\/a>. With the asset now up by more than 20% in the past 7 days, its latest ATH as of today stands at $82,379.<\/p>\n

\"Bitcoin<\/p>\n

Other top crypto assets such as Ethereum, Solana, and Dogecoin haven\u2019t recorded a new all-time high yet, however, they have all seen significant rises in price with DOGE\u2019s past week\u2019s performance increasing by 84%<\/a>.<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

CoinShares, a leading crypto asset management firm, released its latest \u201cDigital Asset Fund Flows Weekly Report,\u201d highlighting a notable surge in investment inflows following the US elections. $116 Billion Record High Crypto Fund Flows The report revealed that digital asset investment products attracted $1.98 billion in inflows, bringing global assets under management (AuM) to a […]<\/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-2486","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\/2486","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=2486"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2486\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}