Crypto Inflows Surge to $2.2 Billion: Republican Election Hopes Fuel Bitcoin Boom

Digital asset investment products saw a massive inflow of $2.2 billion last week, marking the highest weekly increase since July 2023. This surge is fueled by optimism surrounding a potential Republican victory in the upcoming U.S. presidential election, as the party is perceived as more favorable towards the digital asset sector. Bitcoin, Ethereum, and other altcoins have seen significant inflows, pushing total assets under management (AUM) closer to the $100 billion mark. Experts believe this could be the beginning of a bullish market cycle.

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