Crypto investment inflows hit record $29.2b YTD

There has been $2.2 billion inflow into crypto investment products, bringing year-to-date totals to a record $29.2 billion.

Crypto investment products attracted $2.2 billion in inflows last week, bringing year-to-date inflows to close to $30 billion, and total assets under management rose above $100 billion for only the second time. CoinShares.

James Butterfill, head of research at CoinShares, attributed the recent inflows to investor sentiment around the upcoming US elections, saying, “Like the first few days of last week, these inflows were likely driven by enthusiasm around the prospect of a Republican victory.”

However, the mood changed as the week progressed, and the small outflows observed on November 1 revealed Bitcoin’s sensitivity to political developments. Data shows that the US market accounted for all of last week’s inflows at $2.2 billion, with Germany contributing a modest $5.1 million.

Weekly crypto entries | Source: CoinShares

As interest in crypto continues to grow, Bitcoin (BTC) has remained a primary focus, absorbing all of last week’s $2.2 billion inflow. Meanwhile, Ethereum (ETH) attracted just $9.5 million in inflows, “the exact opposite of the rise seen in Bitcoin or Solana,” Butterfill says.

In the broader market, trading volumes rose 67% week-on-week to $19.2 billion; This represents 35% of total trading activity in Bitcoin across crypto exchanges.

As the US elections approach, political meme coins are gaining traction; Trump-based PolitiFi tokens gained over 120%, while Kamala Harris-themed tokens gained 30%. The tokens are experiencing increased activity as the November 5 elections approach, which are expected to influence the course of the crypto market in the US and abroad.