{"id":22663,"date":"2024-11-12T02:13:23","date_gmt":"2024-11-12T02:13:23","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=22663"},"modified":"2024-11-12T02:13:23","modified_gmt":"2024-11-12T02:13:23","slug":"crypto-investment-frenzy-bitcoin-and-ethereum-lead-the-charge-with-record-116-billion-fund-inflows","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/crypto-investment-frenzy-bitcoin-and-ethereum-lead-the-charge-with-record-116-billion-fund-inflows\/","title":{"rendered":"Crypto Investment Frenzy: Bitcoin and Ethereum Lead the Charge with Record $116 Billion Fund Inflows"},"content":{"rendered":"\n

CoinShares, a prominent firm in cryptocurrency asset management, has published its latest report, “Digital Asset Fund Flows Weekly,” which underscores a significant influx of investments following the recent US elections.<\/p>\n

<\/span>Crypto Fund Flows Reach $116 Billion<\/span><\/h2>\n

According to the report, investment products in digital assets received $1.98 billion in new funds, pushing the total global assets under management (AuM) to an unprecedented $116 billion. This trend marks five consecutive weeks of inflows, bringing the cumulative total for the year to $31.3 billion.<\/p>\n

The bulk of these inflows originated from the United States, contributing $1.95 billion to the total, spurred by favorable economic conditions and political changes, particularly following Donald Trump’s election as the 47th president.<\/p>\n

<\/p>\n

Meanwhile, Europe experienced some increases as well, with Switzerland and Germany reporting inflows of $23 million and $20 million, respectively. Bitcoin was the standout, drawing in $1.8 billion, aided by the US Federal Reserve’s earlier decision to reduce interest rates.<\/p>\n

James Butterfill, CoinShares’ Head of Research, attributed the upbeat investor sentiment to a combination of supportive macroeconomic factors and significant transformations in the US political scene. He remarked:<\/p>\n

\n

The supportive macro environment and major changes in the US political landscape are likely contributing to the positive investor sentiment.<\/p>\n<\/blockquote>\n

<\/span>Renewed Enthusiasm for Ethereum and Altcoins<\/span><\/h2>\n

The report also noted a positive shift in sentiment toward Ethereum, which recorded inflows of $157 million, its largest weekly inflow since the launch of Ethereum-based ETFs in July 2024.<\/p>\n

This uptick for Ethereum, previously struggling with performance issues, indicates a revival of investor trust in its potential.<\/p>\n

\"Crypto<\/p>\n

Other altcoins also benefited from the inflow surge, with Solana gaining $3.9 million, and Uniswap and Tron attracting $1 million and $500,000 respectively. Additionally, blockchain equities saw inflows of $61 million.<\/p>\n

The overall increase in investments across various digital assets suggests a widespread rebound in investor sentiment, likely stimulated by positive macroeconomic trends and growing optimism about regulatory clarity following Trump’s election victory.<\/p>\n

This political development has not only boosted inflows but may have also sparked a significant bull market in the crypto sector.<\/p>\n

Currently, Bitcoin and other cryptocurrencies are experiencing substantial gains. In just the past week, Bitcoin has consistently reached new all-time highs, increasing over 20% and recently peaking at $82,379.<\/p>\n

\"Bitcoin<\/p>\n

While other leading cryptocurrencies such as Ethereum, Solana, and Dogecoin have yet to hit new all-time highs, they have all seen notable price increases; for instance, Dogecoin has surged by 84% over the past week.<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

CoinShares, a prominent firm in cryptocurrency asset management, has published its latest report, “Digital Asset Fund Flows Weekly,” which underscores a significant influx of investments following the recent US elections. Crypto Fund Flows Reach $116 Billion According to the report, investment products in digital assets received $1.98 billion in new funds, pushing the total global […]<\/p>\n","protected":false},"author":14,"featured_media":22664,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Crypto Investment Frenzy: Bitcoin and Ethereum Lead the Charge with Record $116 Billion Fund Inflows - Bitrabo","description":"CoinShares, a prominent firm in cryptocurrency asset management, has published its latest report, \"Digital Asset Fund Flows Weekly,\" which underscores a signifi"},"footnotes":""},"categories":[316],"tags":[580,448,504,768,2693,1189,453,1180,1477,1384,539],"class_list":["post-22663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-billion","tag-bitcoin","tag-crypto","tag-ethereum","tag-flows","tag-fund","tag-high","tag-hit","tag-inflows","tag-record","tag-surge"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/22663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=22663"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/22663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/22664"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=22663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=22663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=22663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}