As the 2024 U.S. election approaches, investors are shifting their asset preferences towards bonds and bitcoin. Bond purchases have exceeded $6 billion, the highest level in two months, with high-yield credit funds also seeing increased investment. Equities experienced minor outflows as investors opt for less volatile options. The Ishares Bitcoin Trust ETF has attracted over $2 billion in a week, indicating the growing appeal of cryptocurrencies. These trends reflect a desire for secure stores of value amidst economic uncertainty and geopolitical concerns. Some investors are favoring high-grade bonds for safety, while others are exploring the potential of bitcoin.
Tether shifts focus to European, Middle Eastern and African markets in the face of US legal troubles
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