{"id":18145,"date":"2024-10-28T17:23:21","date_gmt":"2024-10-28T15:23:21","guid":{"rendered":"https:\/\/forklog.com\/en\/us-presidential-election-boosts-inflows-to-crypto-funds\/"},"modified":"2024-10-28T17:23:21","modified_gmt":"2024-10-28T15:23:21","slug":"us-presidential-election-boosts-inflows-to-crypto-funds","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-presidential-election-boosts-inflows-to-crypto-funds\/","title":{"rendered":"US Presidential Election Boosts Inflows to Crypto Funds"},"content":{"rendered":"<p>Inflows into cryptocurrency investment funds from October 20 to 26 amounted to $901 million, following a peak of $2.2 billion the previous week, the highest since July. These figures were reported by <a href=\"https:\/\/blog.coinshares.com\/volume-206-digital-asset-fund-flows-weekly-report-0be04a4470cf\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1273.webp\" alt=\"1-1273\" class=\"wp-image-244054\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Since the beginning of the year, total inflows into these products have exceeded $27 billion, nearly three times the record set in 2021 ($10.5 billion).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Bitcoin flows are heavily influenced by US politics. The current surge in interest is linked to the growing chances of the Republicans,&#8221;<\/em> the report states.<\/p>\n<\/blockquote>\n<p>Bitcoin instruments saw inflows of $920 million, following $2.13 billion the previous week.<\/p>\n<p>Investors withdrew $1.3 million from structures that allow shorting digital gold, after adding a peak of $12.3 million since March in the previous reporting period.<\/p>\n<p>In Ethereum funds, the negative trend resumed with an outflow of $34.7 million following an inflow of $57.5 million.<\/p>\n<p>Clients increased investments in Solana, Litecoin, and XRP-based instruments by $10.8 million, $1.8 million, and $0.2 million, respectively.<\/p>\n<p>Altcoin-based products received $2.1 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-924.webp\" alt=\"2-924\" class=\"wp-image-244055\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, BTC-ETF issuers acquired 976,873 BTC ($66.2 billion), equivalent to nearly 5% of the available supply. <\/p>\n<p>Bitcoin options market participants have prepared for a &#8220;bullish&#8221; scenario following the US presidential election and the Federal Reserve meeting, increasing <span data-descr=\"open interest\" class=\"old_tooltip\">OI<\/span> on November calls with strike prices above $80,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment funds from October 20 to 26 amounted to $901 million, following a peak of $2.2 billion the previous week, the highest since July. These figures were reported by CoinShares. Data: CoinShares. Since the beginning of the year, total inflows into these products have exceeded $27 billion, nearly three times the record [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,1145,842],"class_list":["post-18145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-market-analysis","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"5","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18145"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18144"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}