Bitcoin ETFs Surge to Record $138 Billion as Bitcoin Price Surge Drives Unprecedented Inflows, Ethereum Follows Suit

Bitcoin-focused exchange traded funds (ETFs) have reached a new milestone: total assets under management for crypto investment products exceed $138 billion.

Bitcoin-focused exchange traded funds (ETFs) have reached a new milestone: total assets under management for crypto investment products exceed $138 billion. Bitcoin’s price surge, which recently hit a new high of $93,400, has been a major contributor to this increase. Inflows into Bitcoin ETFs alone totaled $1.67 billion last week, bringing total Bitcoin ETF assets to $95.4 billion. This is the sixth consecutive week of positive inflows, with Bitcoin-based products dominating the market.

Ethereum ETFs also saw significant inflows totaling $646 million, bringing total assets for Ethereum products to $9.15 billion. Despite Bitcoin’s stronger growth, Ethereum-based investment products continue to attract investor interest.

The surge in crypto investment follows positive market conditions following the US elections, which boosted investor sentiment. Bitcoin continues to lead, with the majority of inflows going into Bitcoin ETFs. Total assets in cryptocurrency investment products have reached $33.5 billion this year, setting a new record.

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