Bitcoin Inflows Surging Due to Upcoming Presidential Election

Cryptocurrency investment products had another strong week, with Bitcoin leading the inflows, attracting $419 million. From October 5 to October 11, digital asset investment products saw total inflows of $407 million, according to CoinShares’ Digital Asset Fund Flows Weekly Report, released on October 14. This marked a rebound after a minor sell-off of $127 million the previous week, which had followed stronger-than-expected U.S. economic data. CoinShares’ head of research, James Butterfill, attributed the rise in crypto investment products last week to political factors, particularly the upcoming U.S. elections, rather than monetary policy shifts. “This trend is evident in the fact

Source: CryptoIntelligence