Cryptocurrency exchange-traded funds (ETFs) have reached impressive levels over the past week, reflecting the rise in BTC price. Immediately, BlackRock's Bitcoin ETF set records by becoming the fastest fund to reach $80 billion in assets under management (AUM). According to available data, BlackRock's IBIT achieved this milestone in 374 days, weeks after surpassing the $70 billion barrier.
Ethereum ETFs also recorded impressive figures last week. Data from SoSoValue reveals that Ethereum ETFs generated $907 million during the week, their highest level since launch. These inflows occur amid an impressive weekly performance from Ethereum, which saw the largest altcoin rise at 17%.
The double-leveraged ETF XXRP recovered 55% last week ahead of the launch of ProShares' XRP ETF, matching the performance of Bitcoin ETFs. A high-profile ETF presentation by Trump Media & Technology Group has contributed to the interest generated around cryptocurrency funds during the week.