According to data from CoinShares, Bitcoin investment products received more than $1 billion in new investments in the past week, pushing the total inflows for the year to around $14.6 billion. This surge in investments can mostly be credited to institutions and long-term investors who have been ramping up their allocations in spot Bitcoin ETF funds. Specifically, the week ending May 24 witnessed an influx of $1.01 billion into Bitcoin exchange-traded products.
