CoinShares, a digital asset manager, reported that last week crypto products saw a significant inflow from institutional investors, amounting to $2.2 billion.

The recent U.S. Election on Nov. 5 continued to stimulate the weekly cryptocurrency inflow, reaching $2.2 billion. This figure marks a 15% increase from the previous week, which stood at approximately $1.98 billion.

According to CoinShares, as of Nov. 18, digital asset inflows have reached $33.5 billion year-to-date, achieving a new peak in assets under management (AUM) at $138 billion.

Bitcoin Leads the Inflows

Bitcoin (BTC) experienced the largest inflow based on assets last week, totaling around $1.48 billion, which is equivalent to 67% of the total inflows. Ethereum (ETH) and Solana (SOL) followed with inflows of $646 million and $23.9 million, respectively.

The Beam Chain network upgrade proposal by Justin Drake has significantly increased Ethereum’s inflow from $157 million. However, multi-asset products and Binance Coin (BNB) recorded outflows for the week.

BlackRock’s iShares Bitcoin Trust ETF

BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw the highest surge in crypto product inflows last week, up to 63% or $2.1 billion. Other funds, including Grayscale and Fidelity, recorded outflows ranging from $8 million to $153 million.

Driving Factors: U.S. Election

James Butterfill, CoinShares head of research, attributed the inflows to a combination of looser monetary policy and a Republican majority in Congress and the Presidency. He noted that Donald Trump’s potential second term could positively impact the cryptocurrency industry due to crypto-friendly regulations and fiscal policies.

Trump has selected several pro-crypto personalities for his cabinet, including Elon Musk, Tom Emmer, and Robert F. Kennedy Jr. Additionally, the proposed Bitcoin Act by Republican Senator Cynthia Lummis and the Bitcoin Strategic Reserve have bolstered investor confidence.

“The next four years may witness an unprecedented level of institutional support, increased government interest, and broader public adoption, setting the stage for Bitcoin to further solidify its place in the global financial landscape,”

Butterfill highlighted this favorable outlook, suggesting that Bitcoin could realize its full potential in the future.

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