By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters] – Cryptocurrency products had record last week inflows to the tune $1.5Billion, their 10th consecutive week. As optimism soared over the trading of Bitcoin exchange traded funds, a report released Monday by CoinShares.

As of Tuesday, Oct. 22 data revealed that inflows for this year exceeded $6.7 billion.

Although it closed the week at $76.7billion, total assets under management hit an all-time high of $79.2billion.

Data showed that the bulk of all inflows to for the sixth consecutive week was made by, which received $1.45 trillion. Year-to-date, inflows to the most popular cryptocurrency worldwide totalled $6.1 trillion.

Last week saw the debut of the ProShares Bitcoin Strategy ETF (Valkyrie Bitcoin Strategy ETF) – a significant moment in the history of crypto, and one that will likely attract more institutional capital.

Bitcoin reached an all-time high of $67.016.50. At $63,682, it last rose 4.6%.

Ray Youssef is the cofounder and chief executive of Paxful. It’s a peer-to-peer financial technology platform.

He said that while the recent rally in price can be attributed movements such as the approval of the bitcoin ETF for institutional investors but that we cannot ignore the significant developments and adoptions in emerging markets.

In the meantime, $1.4 million was withdrawn from cryptocurrencies for the third straight week. CoinShares believe that these outflows could be attributed to small profit-taking, as the market approaches new record highs. Ether, which is the cryptocurrency for Ethereum, was last traded at $4,224.30. This 3.5% increase.

Inflows were also seen in other altcoins. Binance and Xinhua posted $8.1, $5.3, and $1.8 Million inflows, respectively.

Grayscale and Coinshares managed $54.6 billion and $5.2 trillion respectively last week.