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Election narratives are driving crypto investments.
The crypto sector has long been in the legal gray area, especially in the US. However, the events around the ongoing US elections are changing the narrative.
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Most recently, investment firm CoinShares reported a $901 net inflows in crypto exchange-traded funds (ETFs) in the last week. Bitcoin was the dominant force behind this move, with $920 million in net inflows.
Surging Bitcoin Inflows Amid U.S. Elections
US elections are driving a bullish narrative for crypto, especially Bitcoin. On Monday, October 28, Coinshares reported weekly inflows in the crypto ETFs of $901 million.
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