What conclusions can be drawn about the current stage of crypto growth expert versions

Cryptocurrency spot ETFs in the US are performing well. Bitcoin ETFs saw net inflows of $2.72 billion in the last week, bringing the total since their launch to $33.3 billion.

Ethereum-based instruments can also boast of good results. For example, in a week they attracted 837 million dollars, due to which the total inflow of funds reached the mark of 1.5 billion.

All this confirms the interest of financial market players in crypto and their increasing recognition.

What’s Happening in the Cryptocurrency Market

Many thought leaders took the stage at the Emergence event, co-hosted by The Block , including 21Shares co-founder and CEO Honey Rashwan, who shared the following insights on the event.

We are witnessing a turning point in the global order for the first time in a long time. We are seeing a threat to the reserve currency status of the US dollar.

21Shares has 53 exchange-traded products in the European market, and the major institutional player is also the issuer of the Bitcoin-based ARKB ETF. The popularity of this and other funds helped Bitcoin surpass the $70,000 mark in March, and the price has soared even higher since the summer correction, thanks to Donald Trump’s re-election as US President.

Now, American big investors are paying more attention to crypto, says Daniel Seifert, regional head of Coinbase. Here is his comment.

We see a huge number of serious players from the US. We are talking about institutional participants who support the development of crypto and create their distribution networks here.

The most prominent name on the list is BlackRock, the issuer of the largest Bitcoin ETF by assets under management, the iShares Bitcoin Trust (IBIT). On Monday, it surpassed 500,000 BTC, or about $48 billion, under management at the time.

Let us recall that BlackRock CEO Larry Fink admitted back in July that he was “wrong” about cryptocurrencies, and over the past five years he has radically changed his position.

BlackRock’s success was commented on by K33’s head of research Vetle Lunde. Here is the quote.

BlackRock’s ETF surpassing 500,000 BTC is another huge milestone after an incredible launch year. IBIT is the third-largest ETF in the US by inflows year-to-date, ahead of Invesco’s QQQ.


Bloomberg analyst Eric Balchunas noted separately that over the previous five days of trading this week, BlackRock's spot ETF IBIT attracted $2.5 billion in net capital inflows. As the expert noted, this is the largest result among all exchange-traded funds as a whole.


The rise in popularity of stablecoins has also contributed to the overall increase in demand for cryptocurrencies, according to John Swolos, head of research at SkyBridge Capital.

Ironically, the most important assets outside the Bitcoin ecosystem are stablecoins pegged to the US dollar. While demand for Bitcoin can be tied to concerns about any currency, the US actually benefits from the globalization of stablecoins.

The market cap of the largest US dollar-based stablecoin USDT has skyrocketed over the past three weeks. According to Tether CEO Paolo Ardoino, this is due to massive capital injections into Bitcoin ETFs. Accordingly, stablecoins continue to be a key bridge between the world of fiat and digital assets.

Meanwhile, California-based Semler Scientific has acquired an additional 303 BTC worth $29.3 million, bringing its total cryptocurrency holdings to 1,873 BTC.

On Thursday, the company said the crypto round was completed between November 25 and December 4 at an average price of $96,779 per BTC, including fees and expenses. A total of 1,873 BTC were purchased for $147.1 million at an average price of $78,553. Accordingly, the team is now in the black.

Semler Scientific said its strategy has returned 78.7 percent since July 1, using BTC returns as a key performance indicator to evaluate cryptocurrency strategies.


The launch of spot Bitcoin ETFs in the US has definitely been one of the most important events of the year for the cryptocurrency market. Thanks to these instruments, the interest of large institutional investors in coins has grown significantly, which has affected their perception in the world. So, for now, we can imagine what will happen in crypto after the change of the SEC leadership and the approval of an adequate framework for regulating digital assets in the US.


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