Spot Bitcoin and Ethereum exchange-traded funds have witnessed an unprecedented appetite from institutional investors this year, and the numbers, particularly in December, continue to impress.
A record-breaking $3.85 billion flowed into digital asset funds last week, fueled by Wall Street’s insatiable demand, according to a CoinShares report on Monday.
BlackRock’s iShares ETFs accounted for $3.2 billion of those inflows, taking its total value of crypto assets under management to $56.7 billion.
Inflows into Ethereum products also hit a fresh all-time high of $1.2 billion last week, surpassing volumes seen when the Securities and Exchange Commission first approved U.S. spot ETH ETFs in July, CoinShares reported.
The U.S. has now cemented itself as the primary market for digital asset investment products, representing $3.6 billion in total inflows.
Switzerland was in distant second place at $160 million—followed by Germany, Canada, and Australia.
All of this comes amid speculation that
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Author: Connor Sephton
