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