The U.S. dollar inflow into the cryptocurrency market last week was a net inflow of $6.283 billion, the highest weekly inflow since January 22

avatar
ODAILY
11-11
This article is machine translated
Show original
According to SoSoValue data, the net inflow of US dollars into the cryptocurrency market last week (November 04 - November 10, Eastern Time) reached $6.283 billion. Among them, the net inflow of US Bitcoin and Ethereum spot ETFs reached $1.792 billion; the net inflow of fiat-backed stablecoins (, , , , , , ) reached $4.492 billion. As of the time of writing, the total net inflow into the cryptocurrency market has reached $183.19 billion. Note: The inflow of US dollars into the cryptocurrency market is an exclusive market indicator of SoSoValue. This indicator combines the cumulative net inflow of ETFs and the inflow of fiat-backed stablecoins, clearly reflecting the actual amount of fiat currency flowing into the cryptocurrency market.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments