According to analysts at CoinShares, fund inflows into cryptocurrency-based investment products between October 21 and 27 amounted to $326 million, the highest since July last year.
They believe the situation is due to growing optimism about the prospects for SEC approval of a spot Bitcoin ETF.
The positive trend has continued for the fifth consecutive week. Thus, since the beginning of October, investors have invested $484 million in crypto-based products.
Total assets under management of these funds have reached $37.8 billion, the highest level since May last year.
90% of total inflows ($296.3 million) came from Bitcoin-related products, up from $55.3 million last week.