Digital asset fund flows | November 12th 2024

US$1.98bn Surge in Digital Asset Inflows Amid Post-Election Market Momentum

• Digital asset investment products saw inflows of US$1.98bn post-US election, with price action pushing global AuM to a new high of US$116bn.

• Regional inflows were primarily concentrated in the US (US$1.95bn), with additional inflows in Switzerland (US$23m) and Germany (US$20m).

• Bitcoin led inflows with US$1.8bn, supported by macroeconomic factors and US political shifts, while Ethereum saw its largest inflows since July (US$157m).

   

   

   

Digital asset investment products saw post-US election inflows of US$1.98bn, marking inflows for the 5th consecutive week with year-to-date inflows having reached a new record of US$31.3bn. Global assets under management, following the price rises last week, also reached a new all-time high of US$116bn. Trading volumes rose US$20bn, not a new record but the highest since April this year.

Regionally, the flows were centred on the US, which saw US$1.95bn of inflows, although Europe also saw inflows in Switzerland and Germany, totalling US$:23m and US$20m respectively.

Bitcoin saw inflows of US$1.8bn, with inflows of US$9bn since the US Federal Reserve cut interest rates for the first time this cycle in September. A combination of a supportive macro environment and seismic shifts in the US political system being the likely reason for such supportive investor sentiment.

Ethereum, which has been floundering, saw inflows of US$157m last week, the largest inflow since the ETF launches in July this year, marking a considerable improvement in sentiment.

A range or altcoins saw inflows, notably Solana (US$3.9m), Uniswap (US$1m) and Tron (US$0.5m). Blockchain equities also saw inflows of US$61m.

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