Bitcoin ETF weekly investments grow for the first time in more than a month.

The hot cash has started rolling in. Bitcoin Exchange Traded Funds (ETFs) After five weeks out again. Monday's report from European asset manager CoinShares It shows Last week, $130 million went into the fund.

CoinShares tracks all crypto currencies from the US to Europe and Australia. Much of last week's activity has been in U.S. funds, particularly ETFs, the new space that gives traditional investors exposure to Bitcoin.

The report added that European investors spent 14 million dollars Ethereum-Related funds due to mixed feelings surrounding Ethereum ETF approval.

Many high-level investment firms hope Get approval from the Securities and Exchange Commission (SEC) for an Ethereum ETF, but you'd think the regulator would drag its heels in giving such products the green light — if they were fully approved.

“US regulators' low interaction with ETF issuer applications for a spot Ethereum ETF has increased speculation that ETF approval is imminent,” CoinShares wrote. This was reflected in last week's total outflow of $14 million.

Perhaps the best news for investors who are long on Bitcoin is the amount of money that will be released. Greyscale's Bitcoin Trust (GBTC) That's the lowest since last week. turn into In January to the ETF.

Since the transition from the closed-end fund model to ETFs, investors have Shares redeemed in anger To exit the product – either to find a cheaper ETF or to take home profits. When the fund sells Bitcoin to pay clients, there are these huge outflows. Press down on The price of Bitcoin.

But earlier this month For the first timemany investors started buying GBTC shares instead of buying them.

If more investors want exposure to the larger cryptocurrency by market capitalization, GBTC's earnings could increase the value of the asset, CoinShares said.

Bitcoin is now trading at $62,810 per coin, according to CoinGecko. It touched a new high near $74,000 in March but struggled as ETF hype died down. Just two weeks ago, Bitcoin ETFs They had their worst day on recordinvestors spent more than half a billion dollars.

Could Investors Be Hungry for Bitcoin Again?

Edited by Ryan Ozawa.