According to experts at Coinshares, $1,98 billion in capital entered the digital asset market in the week following the US elections. Overall, positive inflows have been recorded for the fifth week in a row.
Data from Coinshares shows that this development has pushed global digital asset assets under management to a record $116 billion, highlighting growing investor confidence in digital currencies.
The bulk of the inflows came from the US — $1,95 billion, while the figures in Europe are much more modest — Switzerland and Germany recorded inflows of $23 million and $20 million, respectively. Coinshares analysts emphasized that Bitcoin (BTC) has absorbed the main amount of $1,8 billion, which explains the setting of one price record after another.
Coinshares believes that this week’s events will see digital assets continue to gain traction among investors around the world. With US political dynamics influencing market sentiment, financial markets will shift their focus to cryptocurrency.
Analysts note that the steady growth of Bitcoin, Ethereum and other digital assets points to a positive end to 2024 in terms of prices.
