CoinShares said the United States and Bitcoin led crypto investment product dynamics last week amid growing optimism over a potential Republican election win in the US.
Cryptocurrency investment products have recorded their biggest inflows since July, hitting the $2.2 billion mark in weekly inflows, according to the crypto investment firm CoinShares.
Digital investment products continue to see a positive trend amid optimism over a potential Republican election win in the United States, CoinShares stated in its latest Digital Asset Fund Flows Weekly Report on Oct. 21.
“We believe this renewed optimism stems from growing expectations of a Republican victory in the upcoming US elections, as they are generally viewed as more supportive of digital assets,” CoinShares’ head of research, James Butterfill, wrote.
