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Global cryptocurrency investment products have experienced a significant resurgence, with weekly inflows reaching $785.6 million, primarily driven by renewed interest in Bitcoin exchange-traded funds (ETFs). This marks a notable reversal from previous outflows, signaling growing investor confidence in the digital asset market.
Leading the charge, BlackRock's iShares Bitcoin Trust (IBIT) attracted $535.5 million in inflows, accumulating 6,342 BTC during the week. Other major providers, including Fidelity and VanEck, also reported substantial daily inflows, reflecting a broader institutional appetite for Bitcoin exposure.
In contrast, Ethereum-based ETFs saw outflows totaling $102.9 million during the same period, indicating a shift in investor focus towards Bitcoin.
Overall, the surge in Bitcoin ETF inflows underscores a growing institutional endorsement of digital assets, positioning Bitcoin as a preferred investment vehicle amid evolving market dynamics.