PANews reported on November 4 that according to the latest weekly data from CoinShares, digital asset investment products inflows of $2.2 billion last week brought the year-to-date inflows to a record $29.2 billion. This inflow, coupled with recent price increases, has brought total assets under management (AuM) to over $100 billion for the second time in history, on par with the $102 billion level in early June 2024. Trading volume increased 67% month-on-month to $19.2 billion, accounting for 35% of the total Bitcoin trading volume on trusted exchanges.

Regionally, the United States saw $2.2 billion in inflows, while Germany also saw $5.1 million. Excitement around the prospect of a Republican victory may have been the reason for these inflows, as was the case in the first few days of last week, with Friday seeing small outflows as the polls shifted, highlighting how sensitive Bitcoin is to the U.S. election right now.

Bitcoin was almost the only beneficiary, with $2.2 billion in inflows last week, although the recent price rally also prompted $8.9 million in inflows into short Bitcoin. Ethereum saw tepid inflows, totaling $9.5 million, in stark contrast to the bullish momentum of Bitcoin or Solana, which saw another $5.7 million in inflows last week. A range of altcoins saw smaller inflows, most notably Polkadot ($670,000) and Arbitrum ($200,000).