"Bitcoin ETFs Drive Record $30 Billion in Crypto Trading Volume"

1 min read
Source: Bitcoinist
"Bitcoin ETFs Drive Record $30 Billion in Crypto Trading Volume"
Photo: Bitcoinist
TL;DR Summary

The cryptocurrency investment space has reached a significant milestone with trading volumes hitting $30 billion last week, signaling increased acceptance and integration of cryptocurrencies into mainstream financial portfolios. CoinShares reported that overall assets under management are nearing an all-time high at over $80 billion, with a surge in crypto funds' second-largest weekly net inflows totaling $1.84 billion, predominantly led by US spot Bitcoin ETFs. Bitcoin's valuation has soared past $66,000, while Ethereum also saw substantial investments, reaching its highest trading price since 2022.

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