Bitcoin-focused exchange-traded funds (ETFs) have reached another milestone, with total assets under management for crypto investment products surpassing $138 billion.
Bitcoin-focused exchange-traded funds (ETFs) have reached another milestone, with total assets under management for crypto investment products surpassing $138 billion. The rise in the price of Bitcoin, which recently reached a new high at $93,400, was a major contributor to this rise. Inflows into Bitcoin ETFs alone totaled $1.67 billion last week, bringing total Bitcoin ETF assets to $95.4 billion. This marks the sixth consecutive week of positive inflows, with Bitcoin-based products dominating the market.
Ethereum ETFs also saw substantial inflows, totaling $646 million, bringing total Ethereum product assets to $9.15 billion. Despite Bitcoin’s stronger growth, Ethereum-based investment products continue to attract investor interest.
The increase in crypto investments follows positive market conditions following the US elections, which boosted investor confidence. Bitcoin continues to dominate, with the majority of inflows going to Bitcoin ETFs. Total assets in cryptocurrency investment products reached $33.5 billion this year, setting a new record.
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