Bitcoin, Ethereum, Solana ETFs Surge as Crypto Funds Pull in Record $5.95 Billion

Core Insights - Investors allocated a record $5.95 billion to Bitcoin and other crypto investment products last week, driven by global currency debasement concerns [1][4] - Bitcoin investment products alone attracted $3.55 billion, marking the highest weekly inflow ever recorded [1][4] - The price of Bitcoin reached a new all-time high of $125,506, reflecting a 10% increase over the past week [2][4] Investment Trends - Over $3.2 billion of the inflows were directed towards U.S. Bitcoin ETFs, indicating strong domestic interest [2] - Ethereum ETFs also saw significant inflows, totaling $1.48 billion, contributing to a rebound for both Bitcoin and Ethereum funds after previous outflows [4] - Altcoin investment vehicles, including Solana and XRP, received record amounts of $706.5 million and $219.4 million, respectively [4] Market Conditions - The inflows were attributed to a delayed reaction to the Federal Open Market Committee (FOMC) interest rate cut, weak employment data, and concerns regarding U.S. government stability amid a shutdown [3][6] - The ongoing U.S. government shutdown and anticipated interest rate cuts have led to a rally in Bitcoin, gold, and other cryptocurrencies as investors seek to hedge against currency weakening [6]