• Bitcoin dominated weekly digital asset inflows. 
• The former President leads with 18.9 points on election day.

Digital asset investment products witnessed a record-breaking surge last week, with inflows totaling $2.2 billion.

This, pushed year-to-date inflows to an unprecedented $29.2 billion, according to the latest CoinShares report.

Total AUM cross $100B

James Butterfill, Head of Research at CoinShares, noted that this steady wave of capital, combined with recent price rallies. This has driven the total Assets Under Management (AUM) beyond the $100 billion mark. 

It is worth noting that this rare feat was achieved only once, in early June 2024, when AUM reached $102 billion.

This milestone signaled renewed confidence in digital assets, underscoring the market’s expanding potential.

U.S. leads digital asset inflows 

Interestingly, the United States took the lead, with inflows totaling $2.2 billion.

This was driven by rising optimism about the upcoming election.

Butterfill explained, 

“We believe euphoria around the prospect of a Republican victory were the likely reason for these inflows as they were in the first few days of last week.”

As polling trends shifted, minor outflows appeared on Friday. This highlighted Bitcoin’s [BTC] heightened sensitivity to the U.S. election landscape and the market’s quick reaction to changing political dynamics.

BTC’s dominant inflows overshadow ETH

To no one’s surprise, Bitcoin captured nearly all digital asset inflows last week.

Furthermore, an additional $8.9 million was directed into short-Bitcoin positions following its recent price appreciation. 

Ethereum [ETH], however, saw only modest inflows of $9.5 million, reflecting a more subdued investor sentiment compared to the king coin.

Cumulative data from SoSo Value also revealed a striking difference. Ethereum’s total net outflows reached $554.66 million on the 4th of November.

Meanwhile, Bitcoin’s net inflows stood strong at $23.61 billion, underscoring its enduring dominance in the digital asset market.

Election day: Shifting odds and market implications

As Americans head to the polls, recent predictions show a shift in the odds of winning the Oval Office. Recently, Donald Trump continued to have a stronger lead over Kamala Harris, with over a 60% chance of winning. 

However, the numbers have now changed. As per the latest data from Polymarket, Trump maintains the lead with a 59.5% chance. Meanwhile, the Harris has a 40.6% chance

With political momentum influencing inflows, the digital asset market continues to capture attention as a barometer of both financial innovation and shifting investor sentiment amid a high-stakes U.S. election.

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