Crypto fund inflows over ten weeks reach $1.76 billion

Inflow into cryptocurrency investment products from November 25 to December 1 amounted to $176.3 million. This is stated in the CoinShares report.

The positive trend continued for a tenth consecutive week.

During this period, investors allocated a total of $1.76 billion to the instruments — about 4% of assets under management AUM.

Trading volume rose to $2.6 billion.

With year-to-date gains, the AUM jumped 102.7%, to $46.2 billion. In 2021 the metric reached an ATH of $86.6 billion.

Earlier, the SEC began collecting public comments on spot Bitcoin-ETF. Lawyer Scott Johnson saw in this a signal that the regulator was prepared to approve all applications for the instrument until January 10, 2024.

In November, representatives of the SEC and BlackRock held a meeting, during which they discussed the details of a spot Bitcoin ETF.

Prior to that, the regulator met with Grayscale’s leadership to discuss converting their Bitcoin trust into an ETF.