Digital asset inflows reach $1.98 billion, global AUM reaches ATH of $116 billion: Coinshares

Coinshares within the newest Digital Belongings Fundflows Weekly Report revealed that digital asset funding merchandise noticed inflows of $1.98 billion after the US election, marking the fifth consecutive week of inflows. Notably, annual inflows have reached a brand new file of $31.3 billion.

Together with the rise in costs, international belongings beneath administration additionally reached a brand new file of $116 billion within the wake of a Trump victory. Buying and selling volumes additionally rose to $20 billion, which isn’t a brand new file, however is the best since April this 12 months.

Bitcoin and Ether register large inflows

US-based funds specifically dominated, seeing inflows of $1.95 billion, though Europe additionally noticed inflows in Switzerland and Germany, with totals of $23 million and $20 million respectively.

Bitcoin witnessed $1.8 billion inflows, with $9 billion inflows because the US Federal Reserve reduce charges for the primary time this cycle in September. The mixture of a supportive macro setting and a dramatic shift within the US political system is prone to drive investor sentiment, the report mentioned.

Ethereum, which has been reeling, additionally noticed inflows of $157 million final week, the most important influx because the ETF launched in July this 12 months, marking a big enchancment in sentiment.

Altcoins and crypto shares are rising

Solana, Uniswap and Tron-based funds additionally recorded reasonable inflows and blockchain shares added $61 million. Notably, the post-election rally has pushed Bitcoin very near $85,000, which in flip has pushed crypto-related shares like COIN and HOOD increased. Bitcoin mining shares are additionally using the wave. Bitcoin is at present buying and selling at $84,455, up greater than 4% previously 24 hours.