Institutional inflows into cryptocurrency products rose final week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report.

Total assets held by institutional managers reached $72.3 billion for the week ending Sunday, Oct. 17, the highest level on record. By comparison, institutional crypto holdings were worth $57 billion in March and reached $71.6 billion in May.

For the latest week, digital asset investment products saw inflows totaling $80 million. Bitcoin products attracted the largest investments at $seventy one thousand thousand, marking the 5th consecutive calendar week of inflows. Institutional investors likewise increased their holdings of Polkadot (DOT) and Cardano (ADA) products by $iii.6 1000000 and $2.seven meg, respectively. Meanwhile, Ether (ETH) products saw pocket-size outflows totaling $1 meg.

In terms of provider, ETC Group and 21Shares saw the largest weekly inflows at $63.half dozen million and $19.3 million, respectively. Inflows into Grayscale products, which represent the largest crypto-focused funds, apartment-lined.

Bitcoin is coming off its highest weekly close on record, as the spot cost came within hitting distance of $63,000 on Friday. The largest cryptocurrency past marketplace capitalization is rising in anticipation of two futures-based exchange-traded funds (ETFs) hitting the market in the near future. The ProShares Bitcoin Strategy ETF is scheduled to begin trading on the New York Stock Exchange on Tuesday.

Related: Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF

A Bitcoin ETF listing in the United states could attract new investors to the cryptocurrency market past giving them a familiar and highly regulated vehicle in which to park their assets. ProShares CEO Michael Sapir said Monday that investors have been "eagerly pending the launch" of a Bitcoin-focused ETF.

Pent-upwardly need amongst traditional investors was reflected in the recently launched Canadian Bitcoin ETFs, which attracted inflows of billions shortly later launching. The Purpose Bitcoin ETF, which launched in Feb, now has $1.vii billion in avails under direction, according to Bybt data.