Bitcoin, Ethereum Inflows Surge As Crypto Fund Flows Hit $116 Billion Record High

CoinShares, a leading crypto asset management firm, released its latest “Digital Asset Fund Flows Weekly Report,” highlighting a notable surge in investment inflows following the US elections.

$116 Billion Record High Crypto Fund Flows

The report revealed that digital asset investment products attracted $1.98 billion in inflows, bringing global assets under management (AuM) to a record high of $116 billion. This marks the fifth consecutive week of inflows, pushing year-to-date figures to $31.3 billion.

The surge in inflows was primarily concentrated in the United States, which accounted for $1.95 billion of the total, driven by favorable macroeconomic conditions and political shifts, specifically the triumph of Donald Trump emerging as the 47th president of the United States.

Crypto asset fund flows by region. | Source: CoinShares

Europe also saw moderate inflows, with Switzerland and Germany recording $23 million and $20 million, respectively. Notably, Bitcoin led the charge with $1.8 billion in inflows, supported by factors such as the US Federal Reserve’s decision to cut interest rates earlier this cycle.

James Butterfill, Head of Research at CoinShares, particularly attributed the strong investor sentiment to macroeconomic support and significant changes in the US political landscape. Butterfill wrote in the report:

A combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment.