A rise in Bitcoin and other cryptocurrency prices late last week came after investors went hard into digital asset funds, according to full week data released on Monday.

Data from European asset manager CoinShares shows that such vehicles received the highest amount of inflows since July: a monster $2.2 billion over the course of last week.

Most of the money came from American investors seeking exposure to Bitcoin, CoinShares said, with $2.13 billion worth of inflows last week.

The reason, according to a Monday report, is increasing investor bullishness that ex-President Donald Trump will win next month’s election. The business mogul and Republican candidate for the White House has been far more pro-crypto in messaging than Democratic candidate Kamala Harris.

“We believe this renewed optimism stems from growing expectations of a Republican victory in the upcoming U.S. elections, as they are generally viewed as more supportive of digital assets,” the report read. 

Trump has now taken the lead ahead of

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Author: Mathew Di Salvo