Digital Asset Investments Surge Post-US Election

According to PANews, recent data from CoinShares reveals that digital asset investment products have experienced a significant influx of $1.98 billion following the US election. This surge has propelled the global assets under management (AuM) to a record high of $116 billion, marking the fifth consecutive week of net inflows. The majority of these regional inflows were concentrated in the United States, which accounted for $1.95 billion. Switzerland and Germany also saw inflows of $23 million and $20 million, respectively. Bitcoin has shown robust performance, attracting $1.8 billion in inflows. Since the Federal Reserve's first interest rate cut in September, Bitcoin has accumulated a total of $9 billion in inflows, influenced by the macroeconomic environment and changes in US politics. Ethereum also saw significant activity last week, with $157 million in inflows, marking the largest since the ETF listing in July, indicating an improvement in market sentiment. In addition to Bitcoin and Ethereum, other major tokens such as Solana, Uniswap, and Tron received inflows of $3.9 million, $1 million, and $500,000, respectively. Blockchain-related stocks also attracted $61 million in investments, highlighting a growing interest in the sector.