
Crypto ETF inflows hit record $5.95 billion globally: report
Crypto ETF inflows hit record $5.95 billion globally: report

Cryptocurrency related exchange-traded funds (ETFs) saw record investments of $5.95 billion globally in the week ended October 4, according to data from Coinshares. The investment activity pushed the price of bitcoin to an all-time high, reaching $126,223 for the first time on Monday.
Article Summary
Cryptocurrency ETFs shattered investment records with unprecedented $5.95 billion in global inflows during the week ending October 4, according to CoinShares data. This massive institutional capital injection propelled Bitcoin to a historic milestone, surging to an all-time high of $126,223 on Monday, marking a significant breakthrough for the world's largest cryptocurrency. The record-breaking ETF inflows demonstrate growing institutional adoption and mainstream acceptance of digital assets. Exchange-traded funds have become crucial investment vehicles, providing traditional investors with regulated exposure to cryptocurrency markets without direct blockchain wallet management. This surge in institutional demand signals strengthening confidence in Bitcoin and the broader crypto ecosystem. The $5.95 billion weekly influx represents a pivotal moment for cryptocurrency markets, potentially indicating sustained institutional interest in digital assets. As Bitcoin reaches new price peaks, market analysts suggest this momentum could drive further adoption across decentralized finance (DeFi) and blockchain technologies. The combination of record ETF investments and Bitcoin's price surge highlights the cryptocurrency market's evolution from speculative trading to legitimate institutional asset class, positioning digital currencies for continued mainstream financial integration.


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