The cryptocurrency investment market has recorded its most significant inflow since July, with $2.2 billion flowing into crypto products last week, according to a report by crypto investment firm CoinShares. The surge was driven by optimism over the upcoming US election, particularly expectations of a potential Republican victory, which is seen as more supportive of digital assets.
Flows by jurisdictions (in millions of US dollars). Source: CoinShares
US Leads Global Crypto Inflows
During the week of October 12–18, the United States dominated global crypto investment activity, contributing $2.3 billion to the total inflows. This increase in investment was mainly driven by rising political optimism. In contrast, other regions, such as Canada and Sweden, experienced outflows of $19.9 million and $18.2 million, respectively, as investors engaged in profit-taking.
Australia was the only other country with positive inflows, recording $1.4 million in investments.
Bitcoin Dominates Inflows
Bitcoin was the standout performer, receiving $2.13 billion of the total inflows, with significant contributions from BlackRock’s iShares Bitcoin ETF, which recorded $1.19 billion in a single week. Ether-based products saw much smaller inflows of $58 million, while short-Bitcoin investments attracted $12 million, marking the largest inflows since March.
Flows by assets (in millions of US dollars). Source: CoinShares
However, multi-asset crypto investment products saw a reversal of fortunes, with outflows of $5.3 million, ending a 17-week streak of consecutive inflows.
Assets Under Management Near $100B
The overall market momentum has been bolstered by rising trading volumes and positive price movements. According to CoinShares, the increased inflows and rising crypto prices have pushed total assets under management close to the $100 billion mark. This follows a positive trend throughout October, a month historically known for strong crypto performance.
With growing optimism tied to the political landscape and continued investment, the crypto market is experiencing renewed interest from institutional players, particularly in the US.
