{"id":18686,"date":"2024-11-18T16:25:27","date_gmt":"2024-11-18T14:25:27","guid":{"rendered":"https:\/\/forklog.com\/en\/us-elections-trigger-2-2-billion-influx-into-crypto-funds\/"},"modified":"2024-11-18T16:25:27","modified_gmt":"2024-11-18T14:25:27","slug":"us-elections-trigger-2-2-billion-influx-into-crypto-funds","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-elections-trigger-2-2-billion-influx-into-crypto-funds\/","title":{"rendered":"US Elections Trigger $2.2 Billion Influx into Crypto Funds"},"content":{"rendered":"<p>Between November 10 and 16, cryptocurrency investment funds received $2.19 billion, up from $1.98 billion the previous week, according to <a href=\"https:\/\/blog.coinshares.com\/volume-209-digital-asset-fund-flows-weekly-report-da70460ee4f3\" title=\"\">CoinShares<\/a>.\u00a0<\/p>\n<p>In the first half of the week, inflows reached $3 billion. Subsequent profit-taking after bitcoin reached its <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> led to an outflow of $866 million, experts explained.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1306.webp\" alt=\"1-1306\" class=\"wp-image-245476\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Experts linked the continued positive trend to a more accommodative monetary policy and the Republican Party&#8217;s victory in the US elections.<\/p>\n<p>Year-to-date inflows increased to a new record of $33.5 billion.<\/p>\n<p>Assets under management (AUM) also reached a historic high of $138 billion. By the end of the week, the figure had fallen to $135.9 billion.<\/p>\n<p>Bitcoin instruments received $1.48 billion, down from $1.8 billion the previous week.<\/p>\n<p>Clients directed $48.5 million into structures that allow shorting digital gold, after withdrawing $2.7 million in the previous reporting period.<\/p>\n<p>The positive trend in Ethereum funds significantly strengthened, with inflows jumping from $157 million the previous week to $646 million (5% of AUM). Analysts cited statements by developer Justin Drake regarding network consensus level upgrades as a growth factor.<\/p>\n<p>Among other altcoins, products based on Solana ($23.9 million), XRP ($4.3 million), and Cardano ($3.4 million) stood out.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-946.webp\" alt=\"2-946\" class=\"wp-image-245477\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, Bernstein urged investors to add crypto assets to their portfolios &#8220;as soon as possible.&#8221; They recommended acquiring a basket of digital assets, including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE, and LINK.<\/p>\n<p>Previously, Glassnode noted that bitcoin had not reached levels for profit-taking by hodlers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between November 10 and 16, cryptocurrency investment funds received $2.19 billion, up from $1.98 billion the previous week, according to CoinShares.\u00a0 In the first half of the week, inflows reached $3 billion. Subsequent profit-taking after bitcoin reached its ATH led to an outflow of $866 million, experts explained. Data: CoinShares. Experts linked the continued positive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18685,"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":[1191,46,1145,842],"class_list":["post-18686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-ethereum","tag-market-analysis","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18686","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=18686"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18685"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}