CoinShares: Last week, net inflows into digital asset investment products reached $407 million
PANews reported on October 14th, according to the latest weekly data from CoinShares, the inflow of funds into digital asset investment products last week was $407 million. This is likely more influenced by the upcoming U.S. election rather than monetary policy prospects.
This trend is evident as stronger-than-expected economic data has little effect in preventing capital outflows. The recent U.S. vice-presidential debate and subsequent polls shifting towards Republicans - who are considered more supportive of digital assets - led to an immediate increase in fund inflows and prices.
As expected, due to its political nature, the United States received an influx of $406 million recently while another significant country for inflows was Canada with $4.8 million. Bitcoin's total inflow reached $419 million, making it a major beneficiary of recent political changes. In contrast, short-term bitcoin investment products saw an outflow of $6.3 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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