Bitcoin spot ETFs broke $1.04 billion in inflows last week, the 12th straight week of inflows for the financial product.
Per data from CoinShares, US-based ETFs saw the highest surge, with a record $188 billion of assets now under management.
The record inflows follows news that asset manager Blackrock generates more revenue from its Bitcoin ETF iBIT than its S&P 500 ETF IVV, per Bloomberg.
Bitcoin is trading at $108,621 at time of publication.
