PANews reported on November 18 that according to the latest weekly data from CoinShares, inflows into digital asset investment products increased further by $2.2 billion last week, bringing total inflows to $11.7 billion since the first rate cut in September, and a record $33.5 billion so far this year. Inflows in the first half of the week were $3 billion, despite the record high price of Bitcoin, which led to a total outflow of $866 million in the second half of the week. Recent market activity, especially Bitcoin's breakthrough of its all-time high, pushed total assets under management (AuM) to a new high of $138 billion earlier this week. The recent surge in activity appears to be driven by a combination of loose monetary policy and the Republican Party's landslide victory in the recent US election.
Regional sentiment was mixed, with the US seeing net inflows of $2.2 billion, followed by Hong Kong, Australia, and Canada, with inflows of $27 million, $18 million, and $13 million, respectively. Investors in Sweden and Germany took profits, with outflows of $58 million and $6.8 million, respectively. Bitcoin saw inflows of $1.48 billion, but recent price all-time highs spurred investors to pour $49 million into short Bitcoin investment products. Ethereum appears to have shaken off negative sentiment, with inflows of $646 million (5% of assets under management), likely due to Justin Drake's Beam Chain network upgrade proposal and the recent US election. Solana also saw inflows of $24 million.
