LIVE MARKETS-Digital asset products pulled in billions last week as bitcoin hits all-time high

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DIGITAL ASSET PRODUCTS PULLED IN BILLIONS LAST WEEK AS BITCOIN HITS ALL-TIME HIGH

Crypto-focused investment products saw $3.7 billion of inflows last week, according to CoinShares data, marking the second-biggest weekly inflow on record and a 13th straight week of inflows as bitcoin prices spooled to all-time highs.

Assets under management (AUM) for top exchange-traded products globally surged past the $200 billion threshold for the first time last week, hitting a peak of $211 billion.

The value of trading volume for crypto-linked investment products jumped to $29 billion, more than double of this year's average, according to CoinShares.

Bitcoin, the world's biggest cryptocurrency, saw $2.7 billion of inflows last week, as its price BTC= has jumped more than 14% since the start of July, seeing an all-time high of $123,153 earlier on Monday.

Ethereum ETH= also posted its 12th consecutive week of inflows with a total of $990 million, the fourth highest on record.

Crypto investors are betting that a slew of long-sought policy wins for the industry, expected this week dubbed "crypto week", could invite new investment in the asset class.

"The shift toward proactive regulation, championed by pro-crypto lawmakers and the Trump administration, has lifted market sentiment," Quasar Elizundia, expert research strategist at Pepperstone, said.

The surge in bitcoin has sparked a broader rally across other cryptocurrencies over the past few sessions, even in the face of U.S. President Donald Trump's chaotic tariff policies.

Including Monday's moves, bitcoin is up almost 30% so far this year, while ethereum is down about 9%.

(Shashwat Chauhan)

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