Bitcoin surged 10 percent last week to about US$94,000 — its best performance since the US presidential election — as exchange-traded funds (ETFs) tied to bitcoin and ether drew over US$3.2bn in inflows, according to Bloomberg data cited by Financial Post. The iShares Bitcoin Trust ETF (IBIT) alone pulled in nearly US$1.5bn, its largest weekly total of the year. Other notable gains included US$620m into ARK 21Shares Bitcoin ETF and US$574m into the Fidelity Wise Origin Bitcoin Fund.

Ether products also saw their first net inflows since February, Wintermute Trading Ltd. reported.