Last week marked a significant increase in digital asset investments, totaling $2.2 billion, pushing the year-to-date total to a record $33.5 billion.
Record Investment Inflows
Digital asset market inflows increased by $2.2 billion last week, driven by shifts to easier monetary policies and the outcome of the recent US elections. According to CoinShares, total assets under management reached $138 billion at the start of the week.
Impact of Cryptocurrency Prices
Bitcoin's price hit an all-time high, resulting in $866 million in market repositioning. Despite this, Bitcoin attracted $1.48 billion in investments. Ethereum also saw growth, bolstered by Justin Drake's Beam Chain proposals and US election results, adding $646 million.
Regional Trends
The US led with $2.2 billion in investment inflows, followed by Hong Kong, Australia, and Canada. However, investors in Sweden and Brazil took profits, resulting in outflows of $58 million and $10.5 million, respectively.
In conclusion, digital asset investments continue to grow despite market price fluctuations. Regional differences in approach and risk sensitivity play a key role in investment distribution.
