Digital asset investment products saw inflows of $2.2bn last week, bringing year-to-date inflows to a record-breaking $29.2bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.

The US took the lead with $2.2bn of inflows, while Germany saw minor inflows of $5.1m.

CoinShares correlates the high levels of US inflows with “euphoria around a Republican victory” as there were minor outflows when the polls turned in the latter half of the week.

These inflows, alongside a recent price appreciation, have pushed total assets under management to over $100bn for only the second time in history – matching levels were last seen in early June 2024 when inflows reached $102bn.

At $2.2bn, Bitcoin was almost the “sole beneficiary” – although the recent price appreciation also prompted inflows into short-bitcoin of $8.9m. Ethereum saw inflows totalling $9.5m, while Solana saw a further $5.7m.