Bitcoin It may have pulled back after hitting a new all-time high last week – but cash is still flowing into cryptocurrency funds at a copious rate. This is according to data from European fund manager CoinShares, which He said On Monday a new record was broken last week: $2.9 billion for money entry.
The previous week, investors connected $2.7 billion in funds offering digital assets.
The latest figures show that most of the money is still going into Bitcoin products – in particular, newly approved ones Bitcoin exchange-traded funds (ETFs)“Queen Shears said.
BlackRock's iShares Bitcoin Trust was the winner with inflows of $2.4 billion.
In January, the U.S. Securities and Exchange Commission in January consent 11 investment vehicles.
The products, which are traded on exchanges and allow people to buy stocks that track the underlying price of Bitcoin, have been hugely popular, with record inflows received week after week.
BlackRock, the world's largest asset management company, It made headlines Last year when she said she was abandoning the Bitcoin ETF. Since receiving the green light from Wall Street's top regulator in January, his fund has enjoyed tremendous success.
CoinShares added in its report that investors withdrew significant amounts of cash from other cryptocurrency funds, although $14 million left funds exposed to… Ethereumwhile investors also wanted to withdraw from the products it offers Solana And ribbed.
Bitcoin price Last week it reached a new all-time high of $73,737, but has since seen a pullback and is now trading for $67,9125 — down about 8% over the past week, CoinGecko data shows.
The price of Ethereum also fell, falling more than 14% over seven days. It is now priced Priced at $3493.
Edited by Ryan Ozawa.