Last week, the crypto market saw a big surge in investments. This happened after a few weeks of money flowing out.
Bitcoin is the Big Winner
Bitcoin investment products were the main reason for the surge. They attracted a whopping $419 million in new investments. This shows that investors are becoming more optimistic about Bitcoin.
Ethereum Still Struggling
While Bitcoin was doing well, Ethereum investments continued to decline. Investors seem to be hesitant about Ethereum’s future.
Other Crypto Assets See Growth
Other investment products that include a mix of different cryptocurrencies also saw positive growth. This shows that investors are still interested in the crypto market as a whole.
What’s Driving the Surge?
The big increase in investments seems to be linked to the upcoming US elections. The Republican Party has been showing more support for digital assets, which is making investors more confident.
US Funds Lead the Way
Most of the new investments came from US-based funds. Canadian funds also saw some growth, while other regions saw a small decline.
