Crypto Funds Flooded with $1.3 Billion in Weekly Inflows Amid Institutional Surge

The cryptocurrency market is experiencing a surge in institutional interest, with crypto investment funds attracting $1.3 billion in weekly inflows for the sixth consecutive week.

This influx of capital has brought the total to $6.8 billion since early September, marking a significant rebound from earlier withdrawals that had dragged the market down.

BlackRock's iShares Bitcoin Trust (IBIT) is leading this trend, absorbing nearly $3.4 billion across the past six weeks and signaling strong demand for exposure to Bitcoin's fluctuating price.