According to U.Today, Bitcoin ETFs are experiencing a significant surge in investments this year. Eric Balchunas from Bloomberg reports that after a brief pullback in June, daily investments have skyrocketed to $300 million, bringing the weekly total to $1 billion. This surge has pushed the year-to-date investment in Bitcoin ETFs to $16 billion, surpassing initial projections of $12-15 billion for the entire year, with six months still remaining.

Balchunas also noted that Ethereum ETFs could attract about 20% of the investment seen with Bitcoin ETFs, indicating a positive trend in the crypto ETF market. The SEC's recent preliminary approval for Ethereum-linked ETFs could pave the way for new altcoin ETFs to begin trading as early as July 23.

This record-breaking increase in Bitcoin ETF investments highlights growing interest in cryptocurrency. ETFs offer a regulated way to invest in the crypto market without the complexities of buying and holding digital assets. The potential introduction of Ethereum ETFs could further facilitate investor participation in this rapidly evolving asset class.