On November 27, Chainalysis pointed out in a blog post that cryptocurrencies continue to gain mainstream acceptance in many ways with the approval of spot bitcoin and ethereum ETFs in the United States and the revision of fair accounting rules by the Financial Accounting Standards Board (FASB) in the United States. Chainalysis also noted that year-to-date inflows into "legitimate" services were the "highest level" since 2021, the last bull market peak. It noted that year-to-date illicit activity funds fell by "19.6%, from $20.90 billion to $16.70 billion, indicating that legitimate activity is growing faster than on-chain illicit activity."