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Homeweb3.0Coinshares Reports Record-Breaking Digital Asset Fund Inflows Led by the US

Coinshares Reports Record-Breaking Digital Asset Fund Inflows Led by the US

Oct 29, 2024 am 06:02 AM
Digital Asset Fund Inflows US Political Climate Coinshares Report

Coinshares' latest report, led by head of research James Butterfill, shows a substantial increase in digital asset fund inflows.

Coinshares Reports Record-Breaking Digital Asset Fund Inflows Led by the US

Digital asset fund inflows surged in recent weeks, with the U.S. seeing record inflows, according to Coinshares.

The U.S. led the way with inflows of $906 million, while Germany and Switzerland also showed gains. However, smaller outflows were noted in Canada, Brazil, and Hong Kong.

Bitcoin (BTC) was the primary asset driving the surge, with inflows of $920 million. Butterfill attributed this uptick to heightened interest from U.S. investors, likely influenced by political factors.

In contrast, Ethereum (ETH) recorded the largest outflows among major digital assets, totaling $35 million, while solana (SOL) and blockchain equities showed positive inflows.

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