Crypto Funds Inflow Reaches Record $3.85 Billion

Between December 1 and 7, cryptocurrency investment funds received $3.85 billion, marking a historic peak. This positive trend has continued for the ninth consecutive week, according to CoinShares. 

The previous week, the figure stood at $270 million.

The inflow since the beginning of the year has reached a record $41.1 billion.

The volume of assets under management also hit a historic high of $165 billion.

In the past week, investors added $2.55 billion to instruments based on the first cryptocurrency, after previously withdrawing $457 million. Since the beginning of the year, this figure is $36.46 billion.

Clients directed $6.2 million into structures that allow shorting digital gold.

In Ethereum funds, the inflow increased from $634 million to a record $1.16 billion.

Investors also poured a record $134.3 million into XRP instruments.

Clients withdrew $14.1 million from Solana-based products.

Earlier, on December 3, XRP reached a multi-year high of $2.909, rising 478.4% over the month.

Market participants are hopeful for an expansion of the crypto-ETF list to include XRP-related products. On November 1, 21Shares submitted a corresponding application to the SEC. WisdomTree will provide competition. Previously, proposals from Canary Capital and Bitwise were included in this list.