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Crypto investment products experienced a significant increase in inflows, reaching a nine-week high. According to a report by CoinShares, total inflows for the week ending November 24 amounted to $346 million. The majority of these inflows, $312 million, were directed towards Bitcoin-related exchange-traded products (ETPs). This surge in inflows marks the highest observed total in the past nine weeks. Additionally, Ethereum saw $34 million of inflows, signaling a positive shift in sentiment. Altcoins such as Solana, Polkadot, and Chainlink also experienced inflows. The overall positive net inflows are expected to continue, driven by the anticipation of a spot-based ETF approval in the US. The recent inflows have contributed to a total of $1.5 billion in inflows for Bitcoin ETPs year-to-date. On the other hand, short Bitcoin products saw outflows of $0.9 million. The rise in Ethereum inflows over the past four weeks, totaling $103 million, has nearly reversed the previous outflow trend seen in 2023. This turnaround in sentiment can be attributed to recent events, including BlackRock’s filing of a spot Ethereum ETF. The total assets under management in crypto funds have reached $45.4 billion, the highest level since May last year. Furthermore, the total crypto ETP inflows have surpassed the $1 billion mark year-to-date.