Crypto Funds Receive $346M in One Week
Main page News, Cryptocurrency
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Nov. 28, 2023

According to a report published by CoinShares, inflows into cryptocurrency-based investment products between November 18 and November 24 totaled $346 million, the highest figure in the last nine weeks.

According to company analysts:

"This run, spurred by anticipation of a spot-based ETF launch in the US, is the largest since the bull market in late-2021."

$311.5 million has been invested in Bitcoin-related products, up from $154.7 million the previous week.

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Inflows have totaled just over $1.5 billion since the beginning of the year.

Ethereum funds, meanwhile, raised $33.5 million, up from $3.3 million in the previous reporting period. Within four weeks, inflows totaled $103 million. According to analysts, this "has almost fully corrected outflows for the year" and marked a decisive turnaround in sentiment.

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