{"id":51988,"date":"2024-11-12T01:34:00","date_gmt":"2024-11-12T01:34:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/crypto-products-2-billion-inflows-post-election"},"modified":"2024-11-12T04:14:48","modified_gmt":"2024-11-12T04:14:48","slug":"crypto-inflows-hit-1-98b-amid-post-election-momentum","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=51988","title":{"rendered":"Crypto inflows hit $1.98B amid post-election momentum"},"content":{"rendered":"

Cryptocurrency investors maintained strong interest in digital investment products last week, driven by post-election market momentum.<\/p>\n

Crypto investment products saw $1.98 billion in inflows from Nov. 3\u20139, pushing global assets under management to a record high of $116 billion, CoinShares reported on Nov. 11.<\/p>\n

This marks the fifth consecutive week of inflows, totaling $7.7 billion \u2014 24% of the $31.3 billion recorded in 2024 so far.<\/p>\n

Bitcoin ETF trading in the US leads the inflows<\/h2>\n

In line with previous CoinShares reports, spot Bitcoin (BTC) exchange-traded funds (ETF) trading in the United States led the inflows in crypto products last week.<\/p>\n

Bitcoin saw inflows of $1.8 billion, with BTC products reaching $9 billion in inflows since the US Federal Reserve cut interest rates for the first time in four years in September.<\/p>\n

\"Bitcoin
Flows by assets (in millions of US dollars). Source: CoinShares<\/em><\/p>\n<\/figcaption><\/figure>\n

\u201cA combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment,\u201d CoinShares research director James Butterfill wrote in the update.<\/p>\n

Regionally, most inflows came from the US, totaling $1.95 billion. Europe saw minor inflows, with Switzerland and Germany contributing $23 million and $20 million, respectively.<\/p>\n

On the other hand, investors in Sweden continued to sell, with weekly outflows amounting to $25.7 million.<\/p>\n

Ether ETFs see largest inflows since launch<\/h2>\n

Amid positive crypto sentiment, spot Ether (ETH) ETFs saw their biggest week after seeing moderate demand previously.<\/p>\n

In the first week of November, Ether ETFs saw inflows of $157 million, the largest inflow since the first Ether ETFs started trading in July, marking a notable improvement in sentiment.<\/p>\n

A range of altcoins saw inflows as well, with Solana (SOL) products seeing $3.9 million of inflows, while Uniswap (UNI) and Tron (TRX) posted $1 million and $0.5 million inflows, respectively.<\/p>\n

Related: <\/strong><\/em>SEC mulls approving Ethereum ETF options<\/strong><\/em><\/p>\n

In contrast, crypto investors were selling short-Bitcoin products last week, with outflows amounting to $2.7 million.<\/p>\n

Last week\u2019s strong crypto inflows drove the Bitcoin price to a new historic record above $80,000 on Nov. 10. The BTC price has continued to rise since, topping $82,379 on Nov. 11, according to data from CoinGecko.<\/p>\n

Magazine: <\/strong><\/em>Asian crypto traders profit from Trump\u2019s win, China\u2019s 2025 CBDC deadline: Asia Express<\/strong><\/em><\/p>\n

Check other news for today<\/span> and Please stand by..<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency investors maintained strong interest in digital investment products last week, driven by post-election market momentum. Crypto investment products saw $1.98 billion in inflows from Nov. 3\u20139, pushing global assets under management to a record … Crypto inflows hit $1.98B amid post-election momentum<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":51989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-51988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nCrypto inflows hit $1.98B amid post-election momentum - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=51988\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto inflows hit $1.98B amid post-election momentum - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency investors maintained strong interest in digital investment products last week, driven by post-election market momentum. 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