Following the US elections, there has been a huge increase in interest in cryptocurrency investment products. According to CoinShares data, $1.98 billion in investment inflows were realized during this period. This brought the global Investment Management (AuM) total to $116 billion, setting a new record. While Bitcoin was the asset that started this rise, Ethereum also recorded the largest inflows since July. Political changes and macroeconomic developments in the US were among the important factors that increased investors' interest in cryptocurrencies. In addition, significant investments were made in other regions such as Switzerland and Germany.
CoinShares Report: An Introduction to Investing in Bitcoin and Altcoins
Following the US elections, crypto asset investment products saw inflows of $1.98 billion, pushing global Investment Management (AuM) total to $116 billion, a historic high. The largest inflows during this period were from the US ($1.95 billion). Switzerland and Germany also attracted investments of $23 million and $20 million, respectively. Bitcoin led the way with inflows of $1.8 billion, while Ethereum saw its largest inflow since July at $157 million.
Crypto asset investment products continued to receive inflows for the fifth consecutive week, immediately following the US elections. Total inflows since the beginning of the year reached $31.3 billion, setting a new record. Following the price increases, global assets under management reached an all-time high of $116 billion. In addition, transaction volume increased by $20 billion, reaching the highest level since April of this year.
Introduction to Investing in Altcoins
While investors have focused primarily on Bitcoin and Ethereum, some altcoins have also seen significant investment interest. Bitcoin stood out with $1.8 billion inflows, which accelerated after the US Federal Reserve cut interest rates. Ethereum drew attention with $157 million in inflows, its largest since July. This increase indicates a positive market sentiment following the launch of ETFs.
On the other hand, some altcoins also provided significant inflows. Solana received $3.9 million in investment, Uniswap $1 million, and Tron $500,000. In addition, blockchain stocks attracted $61 million in investment.
This data shows that investment in crypto assets comes not only from big players but also from many different investors with regional diversity, and the market is appealing to a wider audience every day.
