Last week, inflows into cryptocurrency investment products, such as trusts and exchange-traded products, reached $346 million, with Canada and Germany accounting for 87% of the total, Bloomberg reported. The U.S. contributed just $30 million, indicating continued low participation in the country, CoinShares' report showed. Since the beginning of October, the crypto market has surged as traditional asset managers such as BlackRock prepare for a spot Bitcoin ETF, potentially attracting more investors to the asset. The U.S. Securities and Exchange Commission must approve any ETF application. "The combination of rising prices and inflows brought total assets under management to $45.3 billion, the highest level in a year and a half," the report said. Last week, Bitcoin products attracted $312 million, bringing inflows to more than $1.5 billion since the beginning of the year. Ethereum products saw inflows of $34 million last week, nearly offsetting all outflows in 2023.