- Bitcoin ETFs saw record inflows amid the broader market’s recovery, signaling investor optimism
- Political shifts are driving digital asset inflows, with Republicans seen as being pro-crypto
Amid a broader market recovery, Bitcoin [BTC] ETFs have been gaining traction lately with significant inflows – A sign of a positive market trend.
Bitcoin ETF update
According to Farside Investors, Bitcoin ETFs recorded collective inflows of $371 million on 15 October.
Leading the pack was BlackRock’s IBIT with $288.8 million, followed by Fidelity’s FBTC at $35 million. Additionally, Ark 21Shares’ ARK ETF reported figures of $14.7 million while finally, Grayscale’s GBTC saw inflows of $13.4 million.
While some ETFs saw no inflows, none reported outflows. This can be interpreted as reinforcing the growing interest in Bitcoin-based investment vehicles.
In fact, just a day ago, Bitcoin ETFs recorded their highest single-day net inflows since June – A combined value of $555.9 million.
Leading this momentum was FBTC which reported $239.3 million inflows – Its largest since 4 June. Additionally, GBTC also saw renewed interest with figures of $37.8 million – Its highest since May and marking its first positive inflows in October.
This coincided with Bitcoin trading at $67,823.08 on the charts, following a 3.56% hike in 24 hours and gains of 9.44% over seven days. As expected, this has fueled speculation that the crypto may be gearing up for another all-time high.
CoinShares links this to election – But why?
Interestingly, CoinShares’ latest report also highlighted a notable uptick in digital asset inflows, totaling $407 million—A shift attributed to growing investor interest tied to a potential Republican win.
This recent wave of capital is a sign of heightened interest in crypto, one driven by expectations that a GOP-led administration could bring favorable regulatory shifts to the industry.
The report noted,
“Digital asset investment products saw inflows of US$407m, as investor decisions have likely been more influenced by the upcoming US elections than by monetary policy outlooks.”
The firm supported its analysis by pointing out that recent inflows align closely with political developments, rather than economic indicators.
Notably, stronger-than-anticipated economic data had minimal effect on halting prior outflows.
In fact, according to CoinShares, this uptick in inflows was followed by the recent U.S. Vice Presidential debate. Following the same, polling momentum shifted toward Republicans, seen as being more supportive of digital asset initiatives.
Execs weigh in…
ETF Store President Nate Geraci supported this perspective, highlighting that the results of the U.S. elections could have a major impact on the digital assets industry’s future.
He said,
“46% agree that crypto & blockchain are future of finance. 34% said they were considering candidates’ crypto positions before voting.”
Source: Nate Geraci/X
Geraci added,
“Becoming mainstream issue.”
Source: Nate Geraci/X
Here, Geraci highlighted insights from a recent Poll conducted for Grayscale, one examining the interplay between cryptocurrency and the upcoming elections.
With Trump gaining traction as the Republican candidate on Polymarket, the final stretch promises to bring pivotal developments for the sector.
Source: Polymarket
- Bitcoin ETFs saw record inflows amid the broader market’s recovery, signaling investor optimism
- Political shifts are driving digital asset inflows, with Republicans seen as being pro-crypto
Amid a broader market recovery, Bitcoin [BTC] ETFs have been gaining traction lately with significant inflows – A sign of a positive market trend.
Bitcoin ETF update
According to Farside Investors, Bitcoin ETFs recorded collective inflows of $371 million on 15 October.
Leading the pack was BlackRock’s IBIT with $288.8 million, followed by Fidelity’s FBTC at $35 million. Additionally, Ark 21Shares’ ARK ETF reported figures of $14.7 million while finally, Grayscale’s GBTC saw inflows of $13.4 million.
While some ETFs saw no inflows, none reported outflows. This can be interpreted as reinforcing the growing interest in Bitcoin-based investment vehicles.
In fact, just a day ago, Bitcoin ETFs recorded their highest single-day net inflows since June – A combined value of $555.9 million.
Leading this momentum was FBTC which reported $239.3 million inflows – Its largest since 4 June. Additionally, GBTC also saw renewed interest with figures of $37.8 million – Its highest since May and marking its first positive inflows in October.
This coincided with Bitcoin trading at $67,823.08 on the charts, following a 3.56% hike in 24 hours and gains of 9.44% over seven days. As expected, this has fueled speculation that the crypto may be gearing up for another all-time high.
CoinShares links this to election – But why?
Interestingly, CoinShares’ latest report also highlighted a notable uptick in digital asset inflows, totaling $407 million—A shift attributed to growing investor interest tied to a potential Republican win.
This recent wave of capital is a sign of heightened interest in crypto, one driven by expectations that a GOP-led administration could bring favorable regulatory shifts to the industry.
The report noted,
“Digital asset investment products saw inflows of US$407m, as investor decisions have likely been more influenced by the upcoming US elections than by monetary policy outlooks.”
The firm supported its analysis by pointing out that recent inflows align closely with political developments, rather than economic indicators.
Notably, stronger-than-anticipated economic data had minimal effect on halting prior outflows.
In fact, according to CoinShares, this uptick in inflows was followed by the recent U.S. Vice Presidential debate. Following the same, polling momentum shifted toward Republicans, seen as being more supportive of digital asset initiatives.
Execs weigh in…
ETF Store President Nate Geraci supported this perspective, highlighting that the results of the U.S. elections could have a major impact on the digital assets industry’s future.
He said,
“46% agree that crypto & blockchain are future of finance. 34% said they were considering candidates’ crypto positions before voting.”
Source: Nate Geraci/X
Geraci added,
“Becoming mainstream issue.”
Source: Nate Geraci/X
Here, Geraci highlighted insights from a recent Poll conducted for Grayscale, one examining the interplay between cryptocurrency and the upcoming elections.
With Trump gaining traction as the Republican candidate on Polymarket, the final stretch promises to bring pivotal developments for the sector.
Source: Polymarket
get clomid without a prescription where can i buy generic clomid without prescription where can i get generic clomiphene pill where buy cheap clomiphene without dr prescription how can i get cheap clomiphene price cost of generic clomid how can i get clomid without dr prescription
More posts like this would bring about the blogosphere more useful.
This is the stripe of topic I take advantage of reading.
zithromax 250mg without prescription – buy generic ofloxacin for sale flagyl over the counter
inderal tablet – buy methotrexate without a prescription order methotrexate 5mg online cheap
amoxicillin price – purchase combivent buy ipratropium 100 mcg for sale
augmentin 1000mg pill – atbio info buy ampicillin for sale
buy generic nexium over the counter – nexiumtous purchase nexium online
order coumadin 2mg – https://coumamide.com/ buy cozaar medication
purchase mobic sale – https://moboxsin.com/ buy meloxicam 15mg generic
prednisone 10mg ca – https://apreplson.com/ order prednisone 40mg without prescription
generic ed pills – fast ed to take site buy ed pills no prescription
amoxil order online – comba moxi buy generic amoxil
forcan order online – https://gpdifluca.com/# order diflucan 100mg generic
order cenforce pill – buy cenforce generic buy cenforce 50mg
buy cialis tadalafil – cialis with dapoxetine 60mg cialis before and after pictures
buy ranitidine 300mg pills – on this site buy generic ranitidine 300mg
cialis for sale toronto – https://strongtadafl.com/# cialis 10mg ireland
This is the stripe of serenity I take advantage of reading. clomid comprar
viagra buy london – site sildenafil oral jelly 100mg kamagra
I am in point of fact delighted to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks object of providing such data. https://ursxdol.com/get-metformin-pills/
This is a topic which is forthcoming to my verve… Many thanks! Quite where can I notice the acquaintance details in the course of questions? https://buyfastonl.com/
Thanks for putting this up. It’s understandably done. https://prohnrg.com/product/acyclovir-pills/
More delight pieces like this would make the web better. andy levitre
This is the kind of writing I in fact appreciate. https://ondactone.com/simvastatin/