Digital asset inflows surged to $901 million in the week ending Oct. 25, 2024, reaching a year-to-date total of $27 billion. This growth is attributed to an increase in Bitcoin transactions, likely influenced by the upcoming U.S. elections and favorable Republican poll gains. Bitcoin alone accounted for $920 million of the inflows. The U.S. led with $906 million, while Germany and Switzerland saw minor gains, and Canada, Brazil, and Hong Kong experienced slight outflows. Moreover, short-Bitcoin positions had minor outflows of $1.3 million. October has emerged as a strong month for digital assets, with inflows representing 12% of total assets under management, nearly triple the previous record from 2021. In blockchain equities, positive flows were recorded for the third consecutive week, peaking at $12.2 million. However, Ethereum-based funds reported the largest outflows, totaling $35 million.

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