Bitcoin Hits New High Then Pulls Back as Demand Remains Strong for Crypto Funds

• Bitcoin hit a new all-time high price last week but has since pulled back nearly 8% • Demand for crypto funds remains incredibly strong, with a record $2.9B entering funds last week • Most money flowing into Bitcoin spot ETFs like BlackRock's hugely popular Bitcoin Trust • While Bitcoin funds saw inflows, some funds like those tracking Ethereum saw outflows • Bitcoin's price pullback comes amid a broader crypto market drop, with Ethereum down 14% in a week