Orhan 
According to CoinShares, crypto investment products attracted a further $901 million in net inflows globally last week, reaching $3.4 billion. James Butterfill, Head of Research at CoinShares, noted that the increase in positive inflows and Bitcoin price rises are driven by the recent surge in Republican polling ahead of the U.S. elections.
CoinShares reports that global crypto funds managed by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares recorded $901 million in net inflows last week. In October alone, crypto investment products saw over $3.36 billion in inflows, representing 12% of assets under management and marking the fourth-largest monthly inflow on record. Year-to-date, these inflows have reached $27 billion, nearly tripling the 2021 record of $10.5 billion.
Bitcoin-based funds remain dominant, achieving $920 million in weekly net inflows globally. Meanwhile, short Bitcoin funds saw modest net outflows of $1.3 million. Blockchain equity funds and Solana products recorded weekly inflows of $12.2 million and $10.8 million, respectively. Conversely, Ethereum-based funds experienced a $34.7 million weekly net outflow, with the ETH/BTC ratio dropping 2.33% to its lowest level since April 2021.
U.S. Elections and Polls Boosting Crypto Inflows
“We believe the current levels of Bitcoin prices and inflows are largely influenced by U.S. politics; the recent inflow increase is likely linked to Republicans gaining ground in polls,” said CoinShares Head of Research James Butterfill.
According to the decentralized prediction platform Polymarket, crypto-friendly Republican candidate Donald Trump leads Democrat Kamala Harris in the November 5 presidential election, with a probability of 66.5% to 33.4%. The former President is also ahead in six key states, and Polymarket data indicates that Republicans have an 84% chance of winning the Senate, a 52% chance in the House, and a 48% chance of sweeping both chambers, while Democrats hold a 12% chance. Last week, Polymarket denied any evidence of market manipulation on election betting markets.
Nevertheless, the latest national poll averages suggest the race remains close; according to FiveThirtyEight, Harris leads Trump by 48.1% to 46.7%, within the margin of error. However, the gap in national polls has narrowed since Harris’ peak lead of 3.7% on August 23, with analysts at Bernstein noting that traditional polls have historically underestimated Trump.
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