Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Tuesday, November 28th, and today we are talking about another week

of big inflows for exchange traded digital asset funds. Before we get into that, however,

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So friends, we are doing two things today.

First of all, as you might expect, there is a bunch of follow-up and continuing cleanup around

the Binance story, so we'll do a little bit of that.

But we're also talking about the shift away from Binance and FTX and all of the things of the

past year and a half into the future. Remember, the argument for many, including me, is that

removing the Binance overhang opens up even more excitement for TradFi actors. And that is

indeed where we are going to start. Coin shares have reported another massive week of digital

asset fund inflows.

Last week saw 346 million of net inflows extending the streak to nine weeks in a row with

positive inflows. Coin shares head of research, James Butterfield, said, this run spurred by

anticipation of a spot-based ETF launch in the U.S. is the largest since the bull market in late

2021. In fact, the pace was

almost double from the previous week, which had shown a significant slowdown. Year-to-date inflows

have now risen above $1.5 billion. Bitcoin investment products are the clear winner, adding

$312 million in fresh capital. Short Bitcoin products experience their third week in a row of outflows,

...