Investment products in the crypto space experienced a significant surge of $2.2 billion, as investors grew increasingly optimistic in anticipation of the upcoming US elections. This influx of funds represents the largest weekly increase since July. In the United States specifically, the prevailing expectation of a Republican victory has heightened investor confidence in cryptocurrencies. As a result, trading volume has witnessed a substantial uptick of 30%, leading to the total value of assets under management nearing the $100 billion mark.
