Donald Trump’s surge ahead of Kamala Harris in the US presidential race also brought an increase in cryptocurrencies. While Bitcoin again hit $65,000 today, last week’s crypto fund figures also showed an increase.

According to the details in CoinShares’ weekly report, crypto funds received net investments of $407 million. Bitcoin received the most investment here again. Bitcoin funds saw an inflow of $419 million.

Outflows in Ether funds again…

Ether funds continued their sales in recent weeks. Ether funds, which saw an outflow of $ 29 million last week, were $ 10 million this week.

XRP showed itself

There were small inflows to altcoin funds. Solana funds of $600,000, Tron $200,000 and Litecoin funds of $100,000 attracted attention. The $1.1 million inflow of XRP funds was also the surprise of the week.

Short-Bitcoin turned negative this time

Short-Bitcoin funds, which have seen a net input of $16.7 million in total for 3 weeks, had sales of $6.3 million this week.

“The election has taken precedence over monetary policy”

CoinShares analyst James Butterfill attributed the rises and entries to the US elections and used the following statements:

‘The turn of the needle to the Republicans benefited cryptocurrencies. Investor movements are now more influenced by elections than monetary policy. Even stronger-than-expected US economic data could not prevent crypto inflows’

The leadership in the most invested crypto ETFs of the week was the BlackRock spot Bitcoin ETF with $158 million. With a net inflow of $138 million, Fidelity was in 2nd place and Bitwise ETF was in 3rd place with $36 million.