Cryptocurrency investment products had a strong week, led by Bitcoin, attracting $419 million.

According to a CoinShares report published on October 14, there was a total of $407 million inflow into digital asset investment products between October 5-11. This followed a small sell-off of $127 million the previous week.

CoinShares head of research James Butterfill attributed this increase to the US elections. Bitcoin was the biggest gainer with $419 million inflows. Short-Bitcoin products saw $6.3 million outflows.

Blockchain ETFs also drew attention with $34 million inflows. This increase was linked to polls on October 10 suggesting that Senate control could shift to Republicans.