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

Institutional investment in crypto is gaining momentum faster than retail investment, 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 CoinShares data. Bitcoin attracted $933 million, bringing its year-to-date total to $4 billion, while Ether saw $192 million in inflows for the third consecutive week. Blockchain equity ETFs are also gaining traction, with $617 million in inflows over the past three weeks, driven by demand for indirect exposure to crypto technology. As bitcoin approaches the $80,000 mark, the upcoming week will be crucial in determining whether institutional flows can sustain the current momentum or if selling pressure will define a new range. The performance of megacap tech companies, including Alphabet, Microsoft, Amazon, Meta, and Apple, will also play a significant role in shaping the market's direction.