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 the crypto inflows hitting $1.98B amid post-election momentum?

The recent crypto inflows of $1.98 billion were largely driven by a favorable macroeconomic environment and significant shifts in the U.S. political landscape. Investors responded positively to the post-election market momentum, which has been reflected in the sustained interest in digital investment products. According to CoinShares, this marks the fifth consecutive week of inflows, indicating strong investor sentiment towards cryptocurrencies.

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

Bitcoin exchange-traded funds (ETFs) played a crucial role in the recent crypto inflows, leading with $1.8 billion during the week of November 3-9. This surge in Bitcoin inflows has contributed to a total of $9 billion since the U.S. Federal Reserve cut interest rates for the first time in four years. The strong performance of Bitcoin ETFs reflects heightened investor confidence and a shift towards digital assets amid changing economic conditions.

What regions contributed most to the $1.98B crypto inflows?

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 minor contributions, with Switzerland and Germany adding $23 million and $20 million, respectively. Interestingly, Sweden experienced outflows totaling $25.7 million, indicating a mixed sentiment across different regions regarding cryptocurrency investments.

What impact did the recent crypto inflows have on Bitcoin's price?

The strong inflows into cryptocurrencies significantly impacted Bitcoin's price, driving it to a new historic record above $80,000 on November 10. Following this surge, Bitcoin continued to rise, reaching $82,379 on November 11. This price movement underscores the correlation between investor sentiment and market performance, particularly in light of the recent inflows amid post-election momentum.

What trends were observed in Ether ETFs during the period of $1.98B crypto inflows?

During the period of significant crypto inflows, Ether ETFs experienced their largest inflow since their launch, totaling $157 million in the first week of November. This marked a notable improvement in sentiment towards Ether, following a period of moderate demand. The positive trend in Ether ETFs reflects broader investor confidence in digital assets as they respond to favorable market conditions post-election.