A third consecutive week of increased inflows into digital asset investment products has resulted in a record $14.9 billion for the year.
According to CoinShares' latest weekly report, the majority of inflows were into Bitcoin exchange-traded products, worth $1.01 billion last week.
Despite recent price rallies, investor sentiment is increasingly positive, likely due to favorable interpretations of the FOMC minutes and macroeconomic data.
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In line with the recent approval of Ether exchange-traded funds in the US, Ethereum-based investment products reached $36 million in inflows during the week.
The overall upward trend in cryptocurrency prices has pushed total digital asset ETPs to a total of $98.5 billion, according to CoinShares.