Digital asset investment products experienced a massive inflow of US$2.2 billion, the largest weekly increase seen since July, fueled by optimism about a potential Republican win in the upcoming US elections. Republicans are typically viewed as more favorable towards cryptocurrencies, and this sentiment has significantly boosted market activity. As a result, trading volumes have escalated by 30%, and the total assets under management are now teetering on the US$100 billion mark.

In the US alone, there was an inflow of US$2.3 billion, contrasting with minor outflows in countries like Canada, Sweden, and Switzerland. Bitcoin led the pack with substantial inflows of US$2.13 billion, followed by Ethereum, which also showed strong performance with US$58 million. Other cryptocurrencies like Solana, Litecoin, and XRP saw smaller, yet noteworthy inflows. Despite the overall positive trend, multi-asset products experienced outflows, concluding a 17-week streak of gains.

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