In a landmark week, United States-based Bitcoin investment products have attracted a staggering $2.9 billion, marking a new record in weekly inflows. This development underscores the escalating interest and confidence among investors in Bitcoin, despite its recent price dip. According to CoinShares, a leading digital asset investment firm, the year has seen a remarkable $13.2 billion channeled into Bitcoin-focused investment vehicles, such as exchange-traded funds (ETFs), pushing the total Bitcoin under management to an impressive $74.61 billion.

The surge in investments predominantly favors Bitcoin, which accounts for a whopping 97% of the total inflows into digital asset products. This contrasts sharply with Ether and other alternative cryptocurrencies, which have captured only a minimal share of the investment influx. Despite achieving a historic high in ETF investments, Bitcoin's market price experienced a 7% decrease over the last week, with its value hovering around $67,418.

Interestingly, while the US market revels in this investment boom, Bitcoin exchange-traded products in countries like Germany, Canada, and Sweden have witnessed significant outflows, totaling $738 million. Investors seem to be reallocating their assets in favor of US Bitcoin ETFs, which offer competitive management fees, some as low as 0%, significantly undercutting their international counterparts. Since their approval by the Securities and Exchange Commission (SEC) in January, US Bitcoin ETFs have swiftly dominated over 80% of the market share in this category.

The increasing popularity and acceptance of Bitcoin ETFs have prompted regulatory bodies, including the UK's Financial Conduct Authority (FCA) and Hong Kong's Securities and Futures Commission (SFC), to adjust their stance on cryptocurrency products. Recent developments indicate a growing willingness among regulators to accommodate the burgeoning market for crypto-backed financial instruments, further cementing Bitcoin's position at the forefront of the digital asset investment sphere.