Serious investors continued to flood the market and Bitcoin funds with cash last week—with the biggest 10-week inflows since the height of the 2021 bull run, according to a report today. 

Digital asset fund manager CoinShares said in a Monday report that money going into crypto investment products last week hit $176 million, reaching a 10-week total of $1.76 billion. Total assets under management is up 107% this year and stands at $46.2 billion—47% below the all-time high of $86.6 billion in 2021.

The inflows were last this high back in October 2021, when the first-ever Bitcoin futures exchange-traded fund (ETF) hit the American market—and broke records when it traded nearly $1 billion in one day. 

At that time, Bitcoin was trading for over $64,000 per coin. It is currently priced at $41,675—34% lower—but is still way above what it was going for at the start of the year, when it was less than $17,000, CoinGecko data shows. 

This has led some analysts to say that a bull run might be on its way. Hype around the potential approval of a spot Bitcoin ETF after a decade is leading investors to pour money into th

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Author: Mathew Di Salvo

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