"Record Inflows: Bitcoin ETFs and the Future of Crypto Funds"

Last week, a record $2.5 billion flowed into crypto exchange-traded products, with bitcoin funds accounting for 99% of the inflows. BlackRock's IBIT and Fidelity's FBTC saw massive allocations, compensating for outflows from Grayscale's GBTC. The demand for bitcoin ETFs surged, with $2.4 billion flowing into digital asset investment products, indicating increasing interest in spot-based ETFs. Additionally, the wider crypto asset class also saw a record weekly inflow, with bitcoin dominating the inflows and ether products experiencing the second-largest inflow.