Cryptocurrency investors returned to the market last week, benefiting from a strong upward wave in Bitcoin's price.
Exchange-traded funds (ETFs) tracking the performance of Bitcoin and Ethereum saw cash inflows exceeding $3.2 billion last week, with the iShares Bitcoin Trust ETF (ticker IBIT) alone attracting about $1.5 billion in inflows — the highest figure recorded this year, according to data compiled by Bloomberg.
Other funds focused on Bitcoin also saw significant inflows, with investors adding over $620 million to the ARK 21Shares Bitcoin ETF (ARKB) and about $574 million to the Fidelity Wise Origin Bitcoin Fund (FBTC).
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