The United States has seen a surge in investments in spot Bitcoin products, with a record weekly inflow of $2.9 billion adding to the total of $13.2 billion of new capital that has been invested so far this year, according to a CoinShares report.
This means there is currently $74.61 billion in Bitcoins under custody.
Interestingly, altcoins such as Ether are not as popular with investors, as only a small amount of new capital has been invested in them compared to Bitcoin.
Despite this growth, the price of Bitcoin has declined 7% over the past week to around $67,000.
While there has been a record inflow in the US, there has also been a record outflow on international crypto exchange products, as investors have withdrawn $738 million from Bitcoin products on German, Canadian and Swedish exchanges.