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<div class="coinjournal">
 <ul>
 <li dir="ltr">Crypto investment products hit 9-week high of inflows.</li>
 <li dir="ltr">Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products.</li>
 <li dir="ltr">Ethereum saw $34 million of inflows amid a turnaround in sentiment.</li>
 </ul>
 Crypto <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> <a rel="noopener noreferrer nofollow" title="products" href="https://thebittimes.com/tag/products.html">products</a> recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares.
 The report highlights last week’s inflows into <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> exchange-traded <a rel="noopener noreferrer nofollow" title="products" href="https://thebittimes.com/tag/products.html">products</a> as the “highest total observed in the past 9 weeks of inflows,” CoinShares head of research James Butterfill noted.&nbsp;
 According to the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="products" href="https://thebittimes.com/tag/products.html">products</a> are on a run of inflows that’s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US.
 <h2 dir="ltr" id="bitcoin-etps-record-312-million-in-inflows">Bitcoin ETPs record $312 million in inflows</h2>
 As total crypto ETPs inflows hit $346 million, the largest chunk of that went into Bitcoin (BTC) products, with a total of $312 million in weekly inflows. The figure pushed the inflows count for the flagship cryptocurrency $1.5 billion year-to-date. Meanwhile, short bitcoin products saw outflows of $0.9 million.
 
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 🟢 New record of inflows with US$346m this week, the highest total observed in the past 9 weeks of inflows.
 – #Bitcoin – 🟢 $BTC: US$312m inflows (year-to-date inflows US$1.5bn) 🔴 Short Bitcoin: US$0.9m outflows
 🔎 ETP volumes as a percentage of total spot Bitcoin volumes… pic.twitter.com/gMUPzTy0q4
 — CoinShares (@CoinSharesCo) November 27, 2023
 </blockquote>
 
 Elsewhere, altcoins continued to experience a resurgence in inflows. Ethereum (ETH) registered a total of $34 million in inflows for the week, while Solana (SOL), Polkadot (DOT) and Chainlink (LINK) saw $3.5 million, $0.8 million and $0.6 million respectively.
 Ethereum is on a 4-week run totalling $103 million, CoinShares noted, a scenario that sees the world’s second largest cryptocurrency by market cap nearly flip the run of outflows see in 2023. The CoinShares team attributes this to a “decisive turn-around in sentiment”, probably informed by recent events including the filing of a spot Ethereum ETF by BlackRock.
 Last week’s inflows have pushed total assets under management in crypto funds to $45.4 billion. It’s the the highest level since May last year.&nbsp;
 Total crypto ETP inflows surpassed the $1 billion mark year-to-date earlier this month.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/inflows-into-crypto-investment-products-hit-9-week-high-of-346m-tbt71814.html">https://thebittimes.com/inflows-into-crypto-investment-products-hit-9-week-high-of-346m-tbt71814.html</a>

Inflows into crypto investment products hit 9-week high of $346M

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