# Bitcoin ETFs Drive Record $3.13B Crypto Fund Inflows

*Author: Kazu Umemoto*
*Published: Nov 25, 2024*
*Source: https://www.bankless.com/read/bitcoin-etfs-record-crypto-inflows*

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Crypto investment products saw a record [$3.13 billion in net inflows](https://www.theblock.co/post/328032/bitcoin-etfs-lead-3-1-billion-weekly-inflow-record-into-crypto-investment-products-coinshares) last week, marking the seventh consecutive week of gains, per a new report from CoinShares.

## **What's the Scoop?**
- **Tip of the Spear**: U.S. spot Bitcoin ETFs led the charge, contributing $3.38 billion in inflows. Notably, BlackRock’s IBIT product accounted for $2.05 billion of that total.
- **U.S. Rally**: U.S.-based funds topped this investment action overall, adding $3.2 billion, while European products in Sweden, Germany, and Switzerland faced slight net outflows.

## **Bankless Take:**
The $3.13 billion inflow record underscores robust institutional demand, signaling more long-term confidence in Bitcoin. This trend could accelerate broader adoption, positioning Bitcoin-based products as increasingly dominant in the crypto investment landscape. With market momentum on the rise, expect other crypto-focused investment vehicles to follow suit, broadening crypto's institutional appeal even further.