
Crypto investment products have experienced significant inflows in October, with CoinShares reporting that digital asset inflows reached $901 million last week, bringing the month's total to $3.4 billion and the year-to-date total to $27 billion. This figure is nearly triple the record set in 2021. Bitcoin led the inflows with $920 million and now has exchange-traded funds (ETFs) holding 961,000 BTC (~$66 billion), accounting for 4.86% of Bitcoin's supply. Institutional investment continues to surge, with investments increasing in five of the last six weeks since the Federal Reserve announced interest rate cuts. Solana also saw $10.8 million in net inflows, marking its fourth consecutive week of inflows, while Ethereum and Cardano recorded outflows. The inflows coincide with a backdrop of US political shifts, notably rising Republican support, and recent Federal Reserve interest rate cuts. The strong performance in October accounts for roughly 12% of the sector's total assets under management, highlighting increased demand that could potentially lead to a supply crunch. Additionally, BlackRock added another $1.14 billion in assets under management, and Bitcoin's price has surged past $71,000, indicating a bullish trend in the market.









