The flow for products and funds bitcoin hit a record $6.4 billion this year, data from digital asset manager CoinShares showed.
The funds transferred to bitcoin totaled US$ 95 million last week, representing the largest inflows of all digital assets, while the flow in eight weeks to the cryptocurrency was US$ 2.8 billion, showed data from CoinShares this Monday (8).
Overall, cryptocurrency products and funds registered inflows of $174 million in the 12th consecutive week of institutional investor flows.
Bitcoin was up more than 4% to $66,555k in this session, nearing the record $67,000 on October 20, while ether hit an all-time peak of $4,796.
“The rise in the price of bitcoin is confirmation of an incredibly strong market configuration that has developed over the course of October,” said Mikkel Morch, executive director of digital and cryptographic asset hedge fund ARK36.
Investors also injected $31 million in ethereum products and funds last week.
The volume under management by Grayscale and CoinShares, the two largest managers of digital assets, rose last week to $55.67 billion and $5.5 billion, in that order.
Reference: CNN Brasil
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