Recently approved spot demand Bitcoin According to CoinShares, investors poured $2.45 billion into crypto funds last week alone, a new record.
Jersey based digital asset manager Said The fund's total assets under management now stand at $67 billion, the highest since December 2021 at the height of the bull market, according to Monday's report.
CoinShares tracks institutional investor data. Crypto funds mentioned in the report include Grayscale, 21Shares, and ProShares, all of which serve large investors.
Currently, the list of prominent funds includes 10 funds Spot Bitcoin ETF Traded on US stock exchanges.
In January, the Securities and Exchange Commission Finally got the green light This will allow traditional investors to gain exposure to cryptocurrencies in a safe and regulated manner.
And the product is Great success Investors who previously had no access to Bitcoin in a safe and regulated manner are flocking to the space. BlackRock, the world's largest asset manager, experienced its biggest capital inflow last week, with its iShares Bitcoin Trust receiving more than $1.6 billion, according to a CoinShares report.
According to Coinshares, most of the money in crypto funds is focused on exposure to Bitcoin, with money tied to digital assets. avalanche, wire meshand polygon All experienced inflows of less than $1 million each.
The price of Bitcoin, the largest digital coin by market capitalization, is currently $51,800, up about 4% in seven days.
Edited by Andrew Hayward
