Fund inflows into digital asset-based products between October 16 and October 22 amounted to an all-time high of $1.47 billion, while the figure climbs to $8 billion since the beginning of the year, according to data provided by CoinShares.
The previous record, $670 million, was reached in February. Inflows to date have surpassed those for all of 2020 ($6.7 billion).
The total amount of funds in cryptocurrency-based products has risen to a new record of $76.7 billion. Over the last week, the figure has reached 79.2 billion after Bitcoin surpassed $67,000.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Analysts believe that this dynamic is due to the successful launch of two Bitcoin ETFs, those of ProShares and Valkyrie Investments, in the US. Investments in these products amounted to $1.24 billion.
As a result, the inflow of funds to Bitcoin-based funds amounted to 1.45 billion, in Solana, Cardano, Binance Coin - to 8.1 million, 5.3 million and 1.8 million, respectively.