Global crypto ETFs attract record $5.95 billion as bitcoin scales new highs

Core Insights - Exchange-traded funds (ETFs) tracking crypto assets experienced record inflows of $5.95 billion globally in the week ending October 4, driven by strong demand for digital assets and a surge in bitcoin prices [1][2] - Bitcoin reached an all-time high of $126,223 on October 5, surpassing its previous peak in August [1] Inflows by Region - The United States led the inflows with $5 billion into crypto ETFs, followed by Switzerland with $563 million and Germany with $312 million, both of which set new records [2] Asset-Specific Inflows - Bitcoin attracted $3.55 billion in inflows, while ether received $1.48 billion; solana and XRP drew $706.5 million and $219.4 million, respectively [2] Market Context - Bitcoin's rise coincides with a record rally in traditional safe haven gold, as a weakening U.S. dollar amid trade uncertainty and economic concerns encourages investors to diversify their portfolios [3] - The increasing investment in digital assets reflects a growing recognition of their value as an alternative during uncertain times, according to CoinShares' head of research [3] Future Outlook - Deutsche Bank anticipates that by 2030, bitcoin will be included on most central banks' balance sheets alongside gold [5] - The current cryptocurrency rally is attributed to supportive policies under the Trump administration, institutional investor demand, and bitcoin's deeper integration into global financial markets [5]