Investors poured nearly $1 billion into the new American Bitcoin ETFs, helping to drive the price of the leading cryptocurrency a record and a sign of markets’ growing embrace of digital assets. high.  Investors on Monday and Tuesday put a total of $996.6 million into the funds, data from UK asset manager Farside Investors shows. Figures for Wednesday are yet to be released, but the ETFs that track BTC’s price have been surging in recent weeks, reaching a record high for net inflows of more than $42 billion.  "Bitcoin ETFs have been on fire the last few weeks," Bloomberg ETF research analyst James Seyffart told Decrypt. The flurry of Bitcoin bets comes as investor appetite for crypto-focused assets has mushroomed in recent weeks, helping to spur a hefty price increase in the digital asset. Bitcoin's price has soared  to $109,565 before retreating to roughly $107,000, according to crypto markets data provider CoinGecko. Bitcoin is up more than 23% over the past month reasserting itself after a late winter, early spring lull that took the price below $75,000 in early April.   Spot Bitcoin ETFs since mid-April have received over $7.5 billion in inflows.  "They are one of—if not the—most successful ETFs," Seyffart said.  BlackRock’s iShares Bitcoin Trust (IBIT), the largest of the funds in this category, has accounted for most of this week’s gains, generating nearly $600 million in net inflows. The Fidelity Wise Origin Bitcoin Trust (FBTC) and Ark 21Shares Bitcoin ETF (ARKB) have received $211.4 million and $201.7 million in inflows, respectively, according to Farside.  Still, the most successful day the ETFs have had in their short lifespan was on November 7, when President Trump's White House victory was announced. The funds then took in over $1.3 billion in new cash.  The U.S. Securities and Exchange Commission last year approved the initial Bitcoin ETFs, allowing consumers to invest in the cryptocurrency without purchasing and safeguarding the asset directly, a process that often seems daunting.  The funds have had the most successful launch in ETFs' 32-year history, with a total of 11 funds controlling $127 billion in AUM.  Edited by James Rubin