Bitcoin ETFs experienced unprecedented demand last week, pulling in a record $3.12 billion as the price of Bitcoin approached $100,000. According to a report by CoinShares, this surge represents the largest amount invested in cryptocurrency funds in a single week. The funds allow investors to gain exposure to Bitcoin without directly holding the cryptocurrency, making them an attractive option. Year-to-date inflows now total a remarkable $37 billion, eclipsing the initial interest seen in U.S. gold ETFs. Bitcoin reached an all-time high of $99,645 last week before slipping back to around $95,440. The recent investment boom coincides with increased interest in altcoins as well, demonstrating a broader enthusiasm for digital assets. Experts suggest that political developments, including Donald Trump's return to the political scene, have spurred this renewed interest in cryptocurrencies.

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