Weekly Inflows into Crypto Investment Products Hit $901M

During the week ending October 25, there was a significant increase in digital asset inflows, totaling $901 million.

This growth was largely driven by a rise in Bitcoin transactions, resulting in a total year-to-date inflow of $27 billion.

The CoinShares weekly flows report revealed that Bitcoin attracted the most inflow at $920 million, potentially due to the upcoming elections in the United States.

The report states, “We believe that current Bitcoin prices and flows are heavily influenced by US politics, with the recent surge in inflows likely linked to the Republicans’ poll gains.”

The US saw the highest inflow at $906 million, followed by Germany with $14.7 million and Switzerland with $9.2 million. In contrast, Canada, Brazil, and Hong Kong saw small outflows of $10.1 million, $3.6 million, and $2.7 million respectively.