Cryptocurrency investment products have witnessed significant inflows, totaling $3.75 billion during the week ending last Friday, primarily driven by Ether exchange-traded products (ETPs). Despite Bitcoin reaching new highs above $124,000, Ether led the inflow with $2.9 billion, reflecting a growing investor appetite. Prices for Ether approached all-time highs above $4,700, according to CoinGecko data. Although Bitcoin ETPs reported modest inflows of $552 million, representing about 15% of the total weekly flows, the overall sentiment shifted to outflows for both Bitcoin and Ether by the end of the week. Record trading volumes were achieved, with spot Bitcoin and Ether ETFs reaching $40 billion in trade, with Ether ETFs alone accounting for approximately $17 billion in volume, indicating a surge in market activity and interest since July. This milestone signals an increased demand for Ether in the investment landscape, overshadowing traditional investments amid a bullish cryptocurrency market.

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