Close Menu
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • NFTs
    • Dogecoin
    • Cardano
    • Shiba Inu
  • Analysis
    • Market analysis
    • Price Analysis
  • DeFi
  • Opinion
  • Exchanges
  • Beginners Guide
  • Press Release
  • All Posts
What's Hot

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025
Facebook X (Twitter) Instagram
Tether ZoneTether Zone
Facebook X (Twitter) Instagram
Button
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • NFTs
    • Dogecoin
    • Cardano
    • Shiba Inu
  • Analysis
    • Market analysis
    • Price Analysis
  • DeFi
  • Opinion
  • Exchanges
  • Beginners Guide
  • Press Release
  • All Posts
Tether ZoneTether Zone
Home » 22 Billion Pour into Cryptocurrency Investment Funds amidst Optimism Surrounding US Election
News

22 Billion Pour into Cryptocurrency Investment Funds amidst Optimism Surrounding US Election

By adminOct. 21, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
22 Billion Pour into Cryptocurrency Investment Funds amidst Optimism Surrounding US Election
22 Billion Pour into Cryptocurrency Investment Funds amidst Optimism Surrounding US Election
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency investment funds saw $2,2 billion in inflows last week, a CoinShares report revealed on Oct. 21. The inflows hit a milestone as the largest since July amid optimism over the U.S. presidential election.
“We believe this renewed optimism stems from rising expectations of a Republican victory in the upcoming US elections, as these are generally seen as more favorable to digital assets. This, in turn, has led to positive price momentum. As a result, trading volumes in investment products have increased by 30%, while price appreciation and inflows have brought total assets under management close to the $100 billion threshold,”
stated
CoinShares head of research James Butterfill.
No
report
released on October 14, Butterfill had already highlighted that the recent inflows occurred (US$407 million in the previous week) amid investor decisions, which were probably more influenced by the upcoming US elections, scheduled for November, than by the outlook for monetary policy.
Last week’s data highlighted that Bitcoin remained the top beneficiary, with inflows of $2,13 billion. Additionally, the report noted that the recent price appreciation has generated inflows of $12 million in bitcoin sales, marking the highest since March of this year.
Related Stories


What is Lumia Cryptocurrency: Complete Guide on Where to Buy LUMIA Crypto
21/10/2024


Sui launches Dubai ‘Incubator’ hub; Details
21/10/2024
In its weekly development, the price of Bitcoin has increased by just 2.6% in the last seven days. At the time of publication, the price of Bitcoin is quoted at $67.440,16 with a decline of 1.6% in the last 24 hours.
The report also highlighted that Ethereum (ETH) also saw inflows of $58 million, while some altcoins also saw notable inflows, such as Solana ($2,4 million), Litecoin ($1,7 million) and XRP ($0,7 million). In addition, multi-asset products saw outflows of $5,3 million, marking the end of a 17-week streak of consecutive inflows.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

Comprehensive Review and Welcome Bonus of Casinobit.io Crypto Casino

Apr. 17, 2025

PEPE Coin Price May Surge Following Multi-Million Dollar Acquisition by Anonymous Wallets

Apr. 17, 2025

Bitcoin in North Carolina: The State Proposes Allocating Up to 10% of Public Funds to BTC

Apr. 17, 2025
Leave A Reply Cancel Reply

Top Posts

Is Binance Exchange a Trustworthy and Secure Investment Option?

Sep. 21, 2021

Review of Kraken Exchange: Can It Be Trusted and Considered a Secure Investment Option?

Sep. 26, 2021

Huobi Global Exchange: A Comprehensive Assessment of Reliability and Safety for Investors

Sep. 26, 2021
Don't Miss

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

Blockchain-based logistics platform Pailot is in the process of being integrated into the Pi Network…

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025

Bitcoin Price Falls Below $85K Again as TAO and FET Experience Increases

Apr. 18, 2025
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Most Popular

Bail Denied Tornado Cash Developer Remains in Detention

Jul. 13, 2024

CryptoQuant Analysis Reveals Ethereum OnChain Metric Suggests Potential Growth for Altcoins

Jun. 23, 2024

Number of Wallets Peaks as XRP Receives 1 Billion Boost Following Elon Musks Mention

Oct. 21, 2024
Our Picks

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025
Tether Zone
Facebook X (Twitter) Instagram Pinterest YouTube Dribbble
  • Home
  • News
  • Analysis
  • DeFi
  • Opinion
  • Press Release
© 2025 Tether Zone All rights reserved.

Type above and press Enter to search. Press Esc to cancel.