Crypto investment inflows have surged to $901 million last week, continuing positive trends despite a recent dip. The major driving force is the anticipation surrounding the upcoming US elections, which sees Bitcoin as the major beneficiary with $920 million in inflows.

Interestingly, short positions in Bitcoin saw minor outflows, a testament to the overall bullish sentiment among investors. This political momentum is especially evident as US elections draw close, and investors are positioning themselves ahead of potential regulatory shifts.

The figures for October making it the fourth-largest month on record for inflows, highlight the growing enthusiasm in crypto investments tied to political expectations. A large portion of this month’s inflows came from within the US as it remains the focal point of these movements.

According to CoinShares, the market and polling dynamics indicate a strengthening position for the Republicans, which could lead to favorable conditions for cryptocurrency markets through altered regulatory landscapes.

Moreover, data suggests that states with a significant influence on election outcomes are swaying towards the Republican side. This has magnified investor interest, especially in Bitcoin as a hedge against economic volatility.

As the US elections approach, the volatile political environment is likely to keep driving crypto market activities, especially with the potential for large-scale policy changes favoring digital assets.