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Crypto ETPs hit record $3.85B inflows as Bitcoin smashes $100K

Cryptocurrency investment products set a record for inflows as Bitcoin surged past $100,000 for the first time ever.

Digital asset investment products saw their largest inflows on record, with $3.85 billion invested during the trading week of Dec. 2–6, according to a report by crypto investment firm CoinShares.

The latest crypto investment milestone came just a few weeks after crypto investment products smashed the previous record of $3.12 billion set in November when Bitcoin BTCUSD traded at about $98,000.

The new high in weekly crypto inflows coincided with Bitcoin breaking above $100,000 for the first time on record on Dec. 5, reaching an all-time high of $104,000.

Bitcoin leads with $2.5 billion in inflows

Coinciding with the Bitcoin price hitting new highs last week, BTC investment products led total crypto weekly inflows with $2.5 billion, bringing year-to-date inflows to $36.5 billion.

Short Bitcoin investors were less active last week, with short BTC products seeing tepid inflows of $6.2 million.