This figure marks a new record, surpassing the previous high of $7.2 billion recorded in early February.
James Butterfill, CoinShares’ head of research, also noted that the milestone signals a full recovery from the outflows seen between February and March when crypto markets slumped.
While this figure remains substantial, it marks a decline from the $867 million it drew the previous week.
Butterfill attributed the dip to renewed caution from investors following more aggressive policy signals from the US Federal Reserve.
However, short-Bitcoin products logged their fourth straight week of inflows, totaling $5.8 million.
This trend implies that some investors are hedging their positions or speculating on a potential short-term pullback.
