BofA report shows that crypto inflows surged to $2.4 billion this week, doubling from the previous week, fueled by increased interest in Bitcoin ETFs.
Genesis obtained approval to sell 35 million GBTC shares worth $1.3 billion, which, along with substantial trading volumes on March 1.
On Friday, March 1, Bank of America Global Research published a report stating that investors exhibited heightened interest in both technology stocks and cryptocurrencies during the week leading up to Wednesday. Inflows into technology stocks, including major companies like Apple and Nvidia, reached $4.7 billion, marking the highest level since August and setting flows on course for a potential annual record of $98.8 billion, as per EPFR data cited by BofA.
Crypto inflows surged to $2.4 billion during the same period, doubling from the previous week’s $1.2 billion. Investors rushed into exchange-traded funds, contributing to this increase and propelling bitcoin’s price to nearly record highs around $6

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