Crypto Funds See $933 Million Influx as ETFs Reach Highest AUM Since February

Institutional investments are pouring into the crypto market at a faster rate than retail investments, with data supporting the recent bitcoin rally. Last week, digital asset investment products saw inflows of $1.2 billion, marking the fourth consecutive week of growth, according to data from CoinShares. Bitcoin accounted for $933 million of this amount, bringing its year-to-date total to $4 billion. Ether also saw significant investment, with $192 million in inflows for the third week in a row. Meanwhile, blockchain equity ETFs, which invest in companies that generate revenue from crypto infrastructure, have seen a surge in demand, with $617 million in inflows over the past three weeks. This suggests that investors who are unable or unwilling to hold bitcoin directly are turning to equity-based investments in the sector. Bitcoin's price reached a high of $79,399 before dropping back to $77,705, and its ability to break through the $80,000 barrier will depend on whether institutional investment can absorb the selling pressure. The upcoming week will be a test of this, with major tech companies releasing their earnings reports, which could impact the broader risk-on sentiment that has been driving the crypto market.