Investors continue to show strong interest in digital assets, especially Bitcoin, as $230 billion has been invested in crypto products in the past week. Out of that staggering amount, $1.73 billion was specifically targeted towards “digital gold.” Last week saw the second highest amount of money flowing into these products ever, as reported by European digital asset manager CoinShares. In February, investors poured $2.45 billion into funds, with a significant portion of the inflows driven by the popularity of newly approved spot Bitcoin exchange-traded funds. BlackRock’s iShares Bitcoin Fund received the majority of the cash and currently holds over $10 billion in assets. Last week, the fund experienced its highest trading day with $1.3 billion in shares exchanged. In January, the SEC approved 11 spot Bitcoin ETFs. 553 funds are currently being traded on U.S. stock exchanges, allowing investors to invest in Bitcoin without needing to personally hold the digital currency. The Securities and Exchange Commission recently permitted these funds after a ten-year prohibition. Investors can simply purchase shares that represent the value of Bitcoin, while fund managers such as BlackRock and Fidelity handle the actual buying and holding of the digital coins. CoinShares reported that funds offering exposure to Ethereum, the second largest digital asset, saw a significant increase in weekly investments last week, totaling $85 million – the highest since July 2022. Bitcoin is rapidly approaching its record high from November 2021 which was $69,044. According to CoinGecko, the current price of the item is $67,348, which has increased by almost 57% in the last 30 days. Ethereum has also experienced a surge, now priced at $3,558—a 55% increase in the past month. Edited by Ryan Ozawa. Sign up for daily email updates to stay informed about cryptocurrency news. Enter your email address.