In October, a total of $901 million was invested in digital assets, which made up 12% of assets under management and ranked as the fourth-largest monthly inflows to date. Year-to-date inflows have reached $27 billion, nearly three times the 2021 record of $10.5 billion. With $920 million in inflows, Bitcoin was the most popular choice among investors, while short-Bitcoin products saw minor outflows of $1.3 million.
Other popular investments included Solana with $10.8 million, multi-asset products with $2.1 million, Litecoin with $1 million, and XRP with $0.8 million. Additionally, blockchain equities experienced inflows for the third week in a row, amounting to $12.2 million. Ethereum saw the largest outflow of $35 million, while Cardano had minor outflows of $0.1 million.
The US led globally with inflows of $906 million, followed by Germany and Switzerland with $14.7 million and $9.2 million, respectively. In contrast, Sweden and Canada had the largest outflows at $12.7 million and $10.1 million, respectively. This trend can be attributed to the US political climate, with rising support for Republicans impacting Bitcoin’s inflows and pricing.
Source
<p>The post Crypto Surges: Record-Breaking Bitcoin Inflows Linked to US Politics Political Climate Boosts Bitcoin Digital Assets in Record-Breaking Month Bitcoin Boom: Political Climate Fuels Record-Breaking Inflows Crypto Market Surges: US Political Climate Drives Record Bitcoin Inflows Political Climate Sparks Record Bitcoin Inflows in Crypto Market US Political Climate Drives Massive Bitcoin Inflows in Crypto Market Political Climate Boost: Bitcoin Inflows Reach Record High in Crypto Market Political Climate Impact: Bitcoin Soars on Record-Breaking Inflows first appeared on CoinBuzzFeed.</p>
