Cryptocurrency investors returned to the market last week, benefiting from a strong surge 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 nearly $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, as investors added over $620 million to the ARK 21Shares Bitcoin ETF (ARKB), and about $574 million to the Fi$SOL