Global crypto ETFs attract record US$5.95 billion as Bitcoin scales new highs
Bitcoin’s ascent comes alongside a record rally in traditional safe haven gold
[BENGALURU] Exchange-traded funds (ETFs) tracking crypto assets drew record inflows of US$5.95 billion globally last week, as strong demand for digital assets helped propel Bitcoin to an all-time high.
Digital asset investment products garnered the record capital in the week ended Oct 4, according to data from Coinshares.
Bitcoin, the world’s largest cryptocurrency, surpassed its August peak to hit a record high on Oct 5, extending its gains to reach US$126,223 for the first time on Monday (Oct 6).
The US led with US$5 billion inflows in crypto ETFs, followed by Switzerland at US$563 million and Germany at US$312 million, both setting new records, Coinshares said.
Bitcoin attracted US$3.55 billion, Ether US$1.48 billion, while solana and XRP drew US$706.5 million and US$219.4 million, respectively.
Bitcoin’s ascent comes alongside a record rally in traditional safe haven gold, as a weakening US dollar amid trade uncertainty and economic concerns is pushing investors to diversify their portfolios.
SEE ALSO
“This level of investment highlights the growing recognition of digital assets as an alternative in times of uncertainty,” said James Butterfill, head of research at CoinShares, in the weekly report.
Deutsche Bank expects Bitcoin to feature on most central banks’ balance sheets, alongside gold, by 2030.
The cryptocurrency rally this year has been driven by more supportive policies under US President Donald Trump, demand from institutional investors, and Bitcoin’s deepening integration with global financial markets. REUTERS
Share with us your feedback on BT's products and services
