Massive $2 Billion Inflows Boost Crypto Confidence and Prices

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Crypto investment products experienced a surge in inflows, totaling $1.98 billion from November 3-9, marking the fifth consecutive week of positive momentum. According to CoinShares, these recent inflows contributed to $7.7 billion in total inflows over five weeks, representing 24% of the $31.3 billion year-to-date. Spot Bitcoin ETFs in the United States were the primary drivers, with Bitcoin alone receiving $1.8 billion in inflows. This trend follows the U.S. Federal Reserve’s interest rate cut in September, bolstering investor confidence. Regionally, the majority of inflows came from the U.S., while Sweden faced outflows of $25.7 million.