Crypto Fund Inflows Surge to a Record $3.12 Billion

Between November 17 and 23, cryptocurrency investment funds received $3.12 billion. This positive trend continued for the seventh consecutive week, according to CoinShares.

Year-to-date inflows have increased to a new record of $37 billion.

In the latest reporting week, $3.08 billion flowed into bitcoin instruments.

Clients directed $10.4 million into structures that allow shorting the digital gold.

The positive trend in Ethereum funds weakened significantly, with inflows dropping to $2.8 million.

In this regard, they lagged behind competitors based on Solana ($16.2 million), XRP ($15 million), and Litecoin ($4.1 million).

On November 22, open interest in Ethereum futures surged by more than 12% to an ATH of $20.8 billion, indicating a bullish momentum.

On November 15, the daily on-chain transfer volume in the blockchain of the second-largest cryptocurrency by market capitalization (7 DMA) reached a year-to-date high of $7.13 billion. From November 9 to 15, ETH ETFs received a record $515.2 million.