Bitcoin and Solana Lead Crypto Investment Products with $90.1 Billion Inflows

Digital investment products saw a staggering $901 million in inflows last week, with Bitcoin (BTC) and Solana (SOL) among the biggest winners.
CoinShares’ recent report shows a growing craze for digital assets, which is reflected in inflows into crypto investment products.
According to the data, these products saw a staggering $901 million in inflows last week, pushing year-to-date inflows to $27 billion.
Inflows so far this year are almost three times as high as in 2021. Furthermore, investments so far this month stand at $3.32 billion, making October 2024 the fourth-highest month in terms of inflows.
Bitcoin and Solana Recorded the Most Inflows
Notably, Bitcoin-related investment products saw the highest inflows over the past week, totaling $920 million. Based on last week’s inflows, Bitcoin’s year-to-date liquidity totals $25.46 billion, with total assets under management across its investment vehicles topping $78.99 billion.
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Solana investment products ranked second in inflows last week, with $10.8 million. This pushed the asset’s month-to-date and year-to-date inflows to $17.9 million and $69.2 million, respectively. As of now, Solana’s investment products have a total of $1.47 billion in assets under management.
Other crypto-related investment products also saw inflows last week, including ‘Other’, Multi-Asset, Litecoin and XRP. These digital investment products saw inflows of $2.2 million, $2.1 million, $1.8 million, and $0.2 million, respectively.
Conversely, Ethereum investment products saw record outflows of $34.7 million. As a result, the second-largest cryptocurrency has seen outflows of $12.2 million so far this month. However, this did not have a huge impact on Ethereum’s year-to-date record, as the asset has attracted a total of $748.4 million in funds this year.
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Short Bitcoin and Cardano saw slight outflows over the past week, amounting to $1.3 million and $0.1 million respectively.
Inflows by country
As expected, the United States led in terms of regional inflows. The country saw inflows of $906 million, followed by Germany, which attracted $14.7 million in investments. Switzerland ranked third with inflows of $9.2 million.
However, Canada, Brazil, and Hong Kong saw smaller outflows last week, at $10.1 million, $3.6 million, and $2.7 million, respectively.
Potential reasons for the surge in inflows into digital investment products
According to CoinShares, the main reason driving the surge in investment in crypto-related investment products may be U.S. political developments.
Recent polls show that Donald Trump has a better chance of defeating US Vice President Kamala Harris in the November 5 presidential election.
Specifically, data from decentralized prediction platform Polymarket shows that Trump, who has been publicly supportive of crypto, has a 66.1% chance of winning the election. Conversely, his opponent Kamala Harris, currently a member of the administration known for her hawkish stance on crypto, has a 33.9% chance of winning.

Trump's odds against Harris | Polymarket
With the election scheduled to begin in a week and Trump leading in most polls, investment in crypto products is expected to surge.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.