Bitcoin-focused exchange-traded funds (ETFs) have reached a new milestone, with total assets under management for crypto investment products surpassing $138 billion. Bitcoin’s price increase, recently hitting a new high of $93,400, has contributed significantly to this rise. Inflows into Bitcoin ETFs alone totaled $1.67 billion in the past week, bringing the total assets in Bitcoin ETFs to $95.4 billion. This marks the sixth consecutive week of positive inflows, with Bitcoin-driven products dominating the market.

Ethereum ETFs also saw substantial inflows, totaling $646 million, bringing the total assets for Ethereum products to $9.15 billion. Despite Bitcoin’s stronger growth, Ethereum-based investment products continue to attract investor interest.

The surge in crypto investments follows positive market conditions following the U.S. elections, which bolstered investor sentiment. Bitcoin continues to lead, with the majority of the inflows directed into Bitcoin ETFs. The total assets in cryptocurrency investment products have reached $33.5 billion this year, setting a new record.

CoinShares, a major player in crypto asset management, reported that multi-asset funds saw some outflows, while Bitcoin-backed funds attracted the bulk of new investments. Institutional involvement in crypto ETFs has also increased, with major firms such as Goldman Sachs boosting their investments in Bitcoin ETFs, particularly the iShares Bitcoin Trust (IBIT).