Investments in bitcoin funds grew by 227% in a week

Institutional investors poured over $ 225 million in Bitcoin funds last week, up 227% from last week, according to CoinShares.

Ethereum-based products experienced a churn of $ 13.6 million over the same period.

A fresh report says that the wave of interestinvestors coincided with a jump in the BTC rate by 12.5% ​​and reaching $54 thousand on October 7. A key factor in the increased attention to Bitcoin products, company analysts consider recent statements by SEC Chairman Gary Gensler that the long-awaited approval of the firstin the US, CME-traded bitcoin exchange-traded fund (ETF) futures on request from ProShares may be around the corner.

Capital inflows into various investmentcrypto products caused an increase in their total value under management to $ 66.7 billion.This figure is only 5% lower than the record recorded in May 2021.

In addition to BTC, last week the major playersalso attracted products based on Solana (SOL) and Cardano (ADA), which added $ 12.5 million and $ 3 million, respectively. At the same time, in addition to Ethereum (ETH), funds with Polkadot ($ 2.1 million) and XRP ($ 0.6 million) felt an outflow.

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