"Bitcoin ETFs Propel Crypto Funds to Record $2.7 Billion Weekly Gain"
Bitcoin's price surge is attributed to the influx of cash into investment products providing exposure to the asset, resulting in a record-breaking week for crypto funds with $2.7 billion flowing in, primarily focused on BTC. The majority of the cash is directed towards new spot BTC exchange-traded funds, following the SEC's approval in January. Investors are also showing interest in altcoins like Solana, with its funds receiving $24 million, while BTC's price has soared to new highs, currently trading at $72,362.