Title: Record $2.45 Billion Inflows into Major Crypto Funds Spur Bitcoin Surge

In a remarkable surge of interest, major crypto funds saw a record inflow of $2.45 billion last week. Leading the charge were spot Bitcoin exchange-traded funds (ETFs), which have continued to attract substantial investment. The Jersey-based digital asset manager, CoinShares, reported on Monday that the total assets under management for these funds have now reached $67 billion, the highest level since December 2021 during a bullish market period. Notable funds like Grayscale, 21Shares, and ProShares, which cater to institutional investors, have played a significant role in this influx.

The approval of spot Bitcoin ETFs by the Securities and Exchange Securities Commission in January paved the way for more traditional investors to enter the cryptocurrency space in a regulated manner. The success of these products has been evident as more investors seek safe exposure to Bitcoin. BlackRock, the largest asset manager globally, experienced the highest inflows last week, with its iShares Bitcoin Trust receiving over $1.6 billion, according to the CoinShares report.

Most of the influx into crypto funds has primarily been focused on Bitcoin exposure, with funds linked to other digital assets like Avalanche, Chainlink, and Polygon seeing lesser inflows, each below $1 million. As a result of this increased interest, the price of Bitcoin has surged by about 4% over a seven-day period, currently standing at $51,800 in the market.

Overall, the growing interest and significant investments in major crypto funds, particularly in spot Bitcoin ETFs, indicate a bullish sentiment prevailing in the market, with various institutional investors actively seeking exposure to the world's leading cryptocurrency.