Cryptocurrency investment products hit a record high in weekly investments as Bitcoin (BTC) crossed $100,000 for the first time.
According to CoinShares, digital asset investment products attracted $3.85 billion during the trading week of December 2–December 6, marking the largest inflows ever. The milestone comes weeks after the previous record of $3.12 billion in inflows was achieved in November.
BTC-Related Products Lead the Market
Bitcoin-related products dominated the market, accounting for $2.5 billion of the total weekly inflows. Year-to-date, BTC investment inflows have now reached $36.5 billion.
The surge in Bitcoin interest is further reflected in the success of cryptocurrency exchange-traded funds (ETFs), which have had a breakthrough this year. Driven by the launch of spot Bitcoin ETFs in the United States, Bitcoin ETFs now collectively hold over 1.1 million BTC as of December 6, surpassing the holdings attributed to Bitcoin’s creator, Satoshi Nakamoto.
Ether (ETH) also witnessed historic inflows as its price crossed $4,000 on Friday. CoinShares noted that Ether investment products received $1.2 billion during the same period, setting a new weekly record.
However, the rise in Ether investments appeared to come at Solana’s expense. According to CoinShares’ James Butterfill, Solana products faced outflows of $14 million last week, marking their second consecutive week of decline.
Blockchain equities also experienced notable inflows, reaching $124 million, the highest since January. Butterfill attributed the growth to increased investor optimism around improving profit margins for Bitcoin miners.
A “Paradigm Shift”
The record-high weekly crypto inflows coincided with Bitcoin reaching an all-time high of $103,679 on December 5, marking a significant milestone. The growth is attributed to improved market conditions, regulatory clarity in the U.S., and growing institutional interest driven by Bitcoin ETFs.
Mike Novogratz, CEO of Galaxy Digital, described these developments as a “paradigm shift.” He noted that after years of uncertainty, Bitcoin and the broader digital asset sector are nearing mainstream financial integration.