PANews, November 4 news, according to the latest weekly report from CoinShares, digital asset investment products saw inflows of $2.2 billion last week, bringing the year-to-date inflows to a record $29.2 billion. This inflow, combined with the recent price increase, has caused the total assets under management (AUM) to surpass the $100 billion mark for the second time in history, reaching a level comparable to the $102 billion recorded in early June 2024. Trading volume increased by 67% quarter-over-quarter, reaching $19.2 billion, which accounts for 35% of the total Bitcoin trading volume on trusted exchanges.
From a regional perspective, the United States saw inflows of $2.2 billion, while Germany also saw inflows of $51 million. The excitement over the prospect of a Republican victory may be the reason for these inflows, just as in the first few days of last week, when a shift in public opinion polls led to a small outflow of funds on Friday, highlighting Bitcoin's current sensitivity to the US election.
Bitcoin was almost the sole beneficiary, with inflows of $2.2 billion last week, although the recent price increase has also prompted inflows of $89 million into short Bitcoin positions. Ethereum's inflows were lukewarm, totaling $95 million, in contrast to the bullish momentum of Bitcoin or Solana, which saw inflows of $57 million last week. Inflows into a series of Altcoins were relatively small, with the most notable being Polkadot ($6.7 million) and Arbitrum ($2 million).
