$BTC Funds Crush Records With $5.95B Weekly Inflows
Cryptocurrency investment products recorded $5.95 billion in weekly inflows, marking the largest figure ever observed for digital asset funds. The surge occurred as the U.S. government shutdown contributed to bullish sentiment across
#crypto markets, with
$BTC reaching a new all-time high above $125,000.
CoinShares head of research James Butterfill attributed the inflows to delayed reactions following the Federal Open Market Committee interest rate cut. Weak employment data from Wednesday's ADP Payroll release and concerns over U.S. government stability amplified investor demand for crypto exposure.
$BTC investment products dominated the weekly gains with a record $3.55 billion in inflows, substantially exceeding the previous July record of $4.4 billion. Unlike prior records that distributed evenly between
$BTC and
$ETH, last week's capital flows concentrated heavily in #Bitcoin funds.
U.S.-based digital asset products alone attracted $5 billion in net inflows, establishing a new regional record. BlackRock's IBIT led
$BTC #ETF gains with $1.8 billion, while the broader U.S. spot
$BTC ETF category recorded $3.2 billion in total weekly inflows.
