Last week, the U.S. dollar flowed into the crypto market with a net inflow of $6.283 billion, setting a new weekly inflow record since January 2022

PANews reported on November 11 that according to SoSoValue data, last week (November 4th to November 10th, Eastern Time), the net inflow of US dollars into the cryptocurrency market reached US$6.283 billion, setting a new weekly inflow record since January 2022.

Among them, the weekly net inflow of US Bitcoin and Ethereum spot ETFs reached US$1.792 billion; the weekly net inflow of fiat-backed stablecoins (USDC, USDT, FDUSD, TUSD, PYUSD, USDP, GUSD) reached US$4.492 billion. As of press time, the total cumulative net inflow of the cryptocurrency market reached US$183.19 billion.

Note: SoSoValue’s market indicator “Dollar Flows into Cryptocurrency Markets” combines the cumulative net inflows of ETFs with the inflows of fiat-backed stablecoins, reflecting the actual amount of fiat money flowing into the cryptocurrency market.