(MarketsInsider) Total assets under management hit a record $72.32 billion in the week to October 15, aided by an inflow of $69.6 million into Bitcoin ahead of the first BTC-linked futures ETF.
Last week’s investments into Bitcoin marks the fifth straight week of inflows. About $225 million was poured into bitcoin-backed products, the highest in seven months.
With the ProShares Bitcoin Futures ETF set to start trading on Tuesday at the NYSE, analysts project further inflows in the coming weeks, with new US investors coming into the market.
Bitcoin has risen to a high above $62,000 following the inflows. Inflows into altcoins were highest in Polkadot, which reached $3.6 million ahead of the Parachain auction on November 11, while Cardano-backed products posted inflows worth $2.7 million.
Ethereum products recorded $0.9 million worth of outflows while Solana-backed assets had $0.3 million outflows.
BTCUSD is up +0.17%, ETHUSD is up +1.25%.
