Inflows into Bitcoin exchange-traded funds (ETFs) reached a new milestone on Dec. 12. Bitcoin ETFs surged 168% to a record high, with total net inflows exceeding $35 billion. The increase reflects growing investor confidence in Bitcoin and other cryptocurrencies. BlackRock’s iShares Bitcoin Trust (IBIT) fund attracted $431.6 million in new investments. However, Grayscale’s GBTC fund saw outflows of $48.4 million. Ethereum ETFs also saw a similar increase.