Cryptocurrency investment products saw near-record inflows over the past week after the approval and subsequent listing of U.S. spot bitcoin exchange-traded funds, CoinShares said in a recent report.

For the week ended Jan. 12, digital asset investment products garnered $1.18B of inflows. This is easily the biggest weekly inflow seen in many months, though it did not break the record set at the launch of futures-based bitcoin (BTC-USD) ETFs, which totaled $1.5B back in October 2021, the Monday report said.

Volumes for exchange-traded products, though, came in at $17.5B last week, the highest on record, compared with an average of $2B per week in 2022.

"These trading volumes represented almost 90% of daily trading volumes on trusted exchanges last Friday, unusually high as they typically average between 2%-10%," CoinShares noted.

Bitcoin (BTC-USD) dominated the inflows last week at $1.16B, while short-bitcoin products saw minor inflows of $4.1M.

Ethereum (ETH-USD) funds also saw inflows of $26M, with investors betting ETFs investing directly in ether are next in line to get the nod from the Securities and Exchange Commission.

During the week, bitcoin (BTC-USD) dropped 7.1%, while ether (ETH-USD) jumped 9.9%, as seen in this chart.