US spot BTC ETFs and ETH ETFs saw net inflows in the latest five trading days, with BTC at about $309 million and ETH at $368 million, marking the first net inflows for both since October and signaling renewed investor interest.

Macro signals point to easing inflation pressures and softer growth, with PPI excluding food and energy up 0.1% in September, retail sales rising 0.2%, and China’s PMI at 49.2, signaling contraction; markets price in an 87% chance of a December rate cut per CME FedWatch, while New Zealand’s RBNZ cut rates to 2.25%.

Notable developments include Ethereum’s mainnet gas limit climbing to 60 million, S&P Global downgrading USDT’s peg resilience, and Abu Dhabi regulatory approval for using RLUSD in ADGM.

Highlights span adoption, regulation, and investment vehicles, including Texas’s BTC purchase, Amundi tokenisation efforts, UK/EU tax and reporting moves, and plans to raise BlackRock IBIT option limits and potentially convert Zcash ETF.

Crypto.com Research reports a weekly price index rise of 5.23%, with volume and volatility down 36.99% and 51.73% respectively; BTC up about 4.1% to near $90,000 and ETH up 7.0%.

Upcoming catalysts include remarks from Powell, the US Import/Export Price Index, and the US Personal Income and Outlays data.

Amundi tokenised its money market fund on Ethereum to record shares on-chain, underscoring ongoing asset tokenisation trends.

Over the past week, 209 public companies bought more than 1 million BTC in aggregate, valued at roughly $96 billion, equating to over 5% of total BTC supply.

Weekly performance shows BTC and ETH gains aligned with ETF inflows, robust equities, and expectations of a December Fed rate cut; notable movers included ONDO, ETH, XRP, while DOGE and ATOM helped reduce volatility.

Chart of the week tracks a spike in BTC deposits to exchanges around mid-November amid turbulence, followed by a retreat as price recovered to $90,000 by month-end.

One-year high in average BTC deposits to exchanges observed on 23 November at 1.23 BTC, then easing to 0.84 BTC on 30 November as BTC rebounded.

Texas state treasury bought $5 million of BlackRock’s IBIT on 20 November, marking the first U.S. state treasury BTC purchase and planning a further $5 million for self-custodied buys.

Overall, the narrative centers on macro context, ETF inflows, adoption and regulatory shifts, and tokenisation trends shaping near-term crypto market dynamics.