CoinShares: Last week, net inflows into digital asset investment products reached $407 million

According to ChainCatcher news, the CoinShares report states that last week the inflow of funds into digital asset investment products was $407 million.

The report indicates that investors' decisions may be more influenced by the upcoming U.S. elections rather than the outlook for monetary policy. Stronger-than-expected economic data had little impact on preventing capital outflows, while the recent U.S. vice-presidential debate and subsequent polls shifting towards the Republican Party, which is perceived to be more supportive of digital assets, led to inflows and an immediate rise in prices.

As expected, possibly due to the political nature of the recent inflows, the U.S. saw an inflow of $406 million, while another country with significant inflows was Canada, with an inflow of $4.8 million. The total inflow for Bitcoin reached $419 million, making it the main beneficiary of recent political changes.

In contrast, short-term Bitcoin investment products experienced an outflow of $6.3 million.