I just saw that Bitcoin finally broke the $80,000 mark, and it seems that institutional money is the main driver behind this movement. Digital asset funds injected $1.2 billion last week, the fourth consecutive week of inflows, and Bitcoin only captured $933 million of those flows. The total AUM in crypto funds reached $155 billion, the highest level since February.

What's interesting is that not only traditional crypto ETFs are attracting capital. There’s also a lot of activity in blockchain stock ETFs, those that invest in miners and chip manufacturers. In the last three weeks, they added $617 million. It seems some investors prefer this indirect exposure to the sector.

Bitcoin is hovering around $80.93K right now, so it has already surpassed that psychological level that was often mentioned. Ethereum also continues to move positively. The question now is whether the results of the mega-cap tech stocks this week will sustain the momentum or if this is just a short-term rally. Institutional money is returning faster than retail investors in this cycle, and that’s what’s supporting the crypto ETFs for now.