CoinShares reported a robust inflow of $407 million into cryptocurrency investment products for the week ending October 14. During this period, Bitcoin (BTC) $94,178 demonstrated substantial gains, while short Bitcoin investment products saw outflows. Notably, the impact of political developments in the United States on these investments was more pronounced than that of monetary policies.
Bitcoin Emerges as the Leading Inflow
According to the report, Bitcoin emerged as the biggest beneficiary of political changes, attracting a total inflow of $419 million. Investors believe that the upcoming elections in the U.S. and the rise of Republicans will positively affect cryptocurrencies. In contrast, short Bitcoin investment products faced a $6.3 million outflow.
Ethereum (ETH) $3,086 also entered a rebound trend, recording an outflow of $9.8 million last week. This indicates a divergence in short-term expectations within the markets.
Solana $235 (SOL), XRP (XRP), and Tron (TRX) experienced inflows of $600,000, $1.1 million, and $100,000, respectively. Meanwhile, multi-asset investment products continued their inflow streak for the 17th consecutive week, though the total amount remained limited at $1.5 million.
Strong Interest in Blockchain Stock ETFs
Significant investment also flowed into blockchain-based stock ETFs, with a total weekly inflow of $34 million. This marked one of the largest weeks of the year for these ETFs. Experts noted that the recent rise in Bitcoin’s price has heightened interest in these products.
The United States accounted for a substantial portion of these investments, with $406 million of the total inflow coming from there, while Canada attracted only $4.8 million. This trend reveals that during periods of political uncertainty, investors view cryptocurrencies as a safe haven.