Bitcoin surpassed the $100,000 level for the first time on December 5, reaching an all-time high of $104,000. Ether, on the other hand, revisited the $4,000 level. These developments increased investors’ interest in crypto, resulting in record inflows into investment products.

According to CoinShares’ report, digital asset investment products reached their highest level in history with $3.85 billion inflows in the week of December 2-6. These inflows surpassed the previous record of $3.12 billion set the previous month, when Bitcoin was trading around $98,000.

Bitcoin’s price increase brought with it a tendency towards investment products. BTC-focused investment products led with $2.5 billion in total weekly inflows. This increased total Bitcoin inflows to $36.5 billion since the beginning of the year.

The demand for short Bitcoin positions remained quite limited. With an inflow of only $6.2 million, investors appeared to be largely bullish.

CoinShares Head of Research James Butterfill stated that this shows that investors are cautious after the recent price increases. Stating that, according to historical data, much higher inflows are seen after sharp price increases, Butterfill emphasized that the current momentum continues to be supported by investors.

Ethereum was another major asset that attracted investor interest last week. While the Ether price exceeded the $4,000 level, an inflow of $1.2 billion was recorded in Ethereum-focused investment products.

This was the largest weekly inflow recorded since Ethereum exchange-traded funds (ETFs) began trading in the United States in July.

However, the increase in Ethereum investments has come at the expense of other altcoins such as Solana. Solana products closed with a loss for the second week in a row, with an output of $14 million.

2024 continues to be a historic year for crypto ETFs. With the start of spot Bitcoin ETF transactions in the USA in January, interest in these investment instruments increased significantly.

As of December 6, the amount of BTC held in Bitcoin ETFs exceeded 1.1 million BTC in total, surpassing the estimated amount held by anonymous Bitcoin creator Satoshi Nakamoto.

In addition to crypto investment products, investor interest in blockchain companies has also increased. Blockchain stocks attracted $124 million in investment, the highest weekly inflow since January, as profit margins for Bitcoin miners improved.

Market analysts are carefully watching Bitcoin’s failure to stay above the $100,000 level. FxPro Chief Analyst Alex Kuptsikevich evaluated this situation as a process of correcting short-term overbought conditions.

However, in the long term, he predicts that Bitcoin may rise again and the price may reach $120,000 based on Fibonacci expansion levels.

As the crypto market leaves behind a week full of major records, investors’ interest is expected to continue. Leading assets such as Ethereum and Bitcoin stand out as the main drivers of this interest.