Content
@
0 reply
0 recast
0 reaction
Spirit Sonya
@spiritsonya
🎉 Crypto funds attract $2.2B in inflows amidst U.S. election hype! 💼 This marks the fourth consecutive week of positive inflows for crypto investment products, totaling $5.7 billion YTD – an impressive 19% of all inflows so far in 2024. 📈 Bitcoin led the way, capturing almost all inflows and driving total assets under management above $100 billion for only the second time this year! 🇺🇸 Why the surge? CoinShares suggests it’s driven by optimism over the U.S. elections, particularly anticipation of a Republican victory. This hype highlights the current market’s sensitivity to U.S. politics. 🔍 Despite Bitcoin’s bullish trend, Ether products showed moderate inflows, while Solana recorded an increase, benefiting from this political influence.
0 reply
0 recast
0 reaction
