CoinShares: Digital asset investment products saw a net inflow of $407 million last week, possibly due to the US election

According to the latest Odaily data from CoinShares, digital asset investment products saw inflows of $407 million last week, as investors' decisions may be more influenced by the upcoming US election than the outlook for monetary policy. This trend is evident as stronger-than-expected economic data has had little effect on stemming capital outflows, while the recent US vice presidential debate and subsequent polls have turned to the Republican Party, which is seen as more supportive of digital assets, leading to inflows and an immediate rise in prices. As expected, the United States saw an inflow of $406 million, likely due to the political nature of recent inflows, while another country with significant inflows was Canada, with an inflow of $4.8 million. Bitcoin's total inflows reached $419 million, making it the main beneficiary of recent political changes. In contrast, outflows from short-term Bitcoin investment products were $6.3 million.