Crypto inflows hit $1.98B amid post-election momentum

Cryptocurrency investors kept strong interest in digital investment products recently, driven by post-election market momentum.Crypto financial investment items saw $1.98 billion in inflows from Nov. 3– 9, pushing international assets under management to a record high of $116 billion, CoinShares reported on Nov. 11. This marks the 5th consecutive week of inflows, amounting to $7.7 billion– 24% of the $31.3 billion tape-recorded in 2024 so far.Bitcoin ETF trading in the US leads the inflowsIn line with previous CoinShares reports, spot Bitcoin (BTC) exchange-traded funds (ETF) trading in the United States led the inflows in crypto items last week.Bitcoin saw inflows of $1.8 billion, with BTC items reaching $9 billion in inflows given that the United States Federal Reserve cut interest rates for the very first time in four years in September.Flows by possessions (in countless US dollars). Source: CoinShares” A combination of an encouraging macro environment and seismic shifts in the United States political system being the most likely factor for such supportive investor belief,” CoinShares research director James Butterfill wrote in the update.Regionally, the majority of inflows came from the US, totaling $1.95 billion. Europe saw small inflows, with Switzerland and Germany contributing $23 million and $20 million, respectively.On the other hand, investors in Sweden continued to offer, with weekly outflows totaling up to $25.7 million.Ether ETFs see biggest inflows given that launchAmid favorable crypto sentiment, area Ether (ETH) ETFs saw their most significant week after seeing moderate demand previously.In the first week of November, Ether ETFs saw inflows of $157 million, the biggest inflow given that the first Ether ETFs started selling July, marking a noteworthy enhancement in sentiment.A variety of altcoins saw inflows too, with Solana (SOL) products seeing $3.9 countless inflows, while Uniswap (UNI) and Tron (TRX) published $1 million and $0.5 million inflows, respectively.Related: SEC mulls approving Ethereum ETF optionsIn contrast, crypto investors were selling short-Bitcoin items recently, with outflows totaling up to $2.7 million.Last weeks strong crypto inflows drove the Bitcoin price to a brand-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.Magazine: Asian crypto traders benefit from Trumps win, Chinas 2025 CBDC due date: Asia Express

Other Questions People Ask

What factors contributed to crypto inflows hitting $1.98B amid post-election momentum?

The recent surge in crypto inflows to $1.98 billion can be attributed to a combination of a favorable macroeconomic environment and significant political changes in the United States. Investors are responding positively to the post-election market sentiment, which has created a supportive atmosphere for digital assets. This momentum has led to a record high of $116 billion in assets under management in the crypto sector.

How did Bitcoin ETFs influence the $1.98B crypto inflows?

Bitcoin exchange-traded funds (ETFs) played a crucial role in driving the $1.98 billion inflows, with Bitcoin alone seeing $1.8 billion in investments during the week. The strong performance of Bitcoin ETFs is largely due to the U.S. Federal Reserve's recent interest rate cuts, which have encouraged more investors to enter the market. This trend has resulted in Bitcoin products accumulating $9 billion in inflows since September.

Which regions contributed most to the crypto inflows of $1.98B?

The majority of the $1.98 billion in crypto inflows came from the United States, totaling approximately $1.95 billion. In contrast, Europe saw only modest contributions, with Switzerland and Germany adding $23 million and $20 million, respectively. Interestingly, Sweden experienced outflows, indicating a mixed sentiment across different regions regarding cryptocurrency investments.

What impact did the recent crypto inflows have on Bitcoin prices?

The strong inflows into cryptocurrencies, particularly Bitcoin, have significantly impacted its price, pushing it to a historic high above $80,000 on November 10. Following this surge, Bitcoin continued to rise, reaching $82,379 by November 11. This price increase reflects the heightened investor confidence and enthusiasm surrounding digital assets amid the post-election momentum.

How did Ether ETFs perform during the period of $1.98B crypto inflows?

During the week of significant crypto inflows, Ether ETFs experienced their largest inflow since their launch, totaling $157 million. This marked a notable improvement in sentiment towards Ether, especially after a period of moderate demand. The positive momentum surrounding Ether ETFs indicates growing investor interest in alternative cryptocurrencies alongside Bitcoin.