A rush of investment into Bitcoin ETFs in recent days sent the combined asset value of such investment vehicles to a record high of more than $158 billion, according to The Block, an outlet that covers digital assets. Investors placed more than a billion dollars into Bitcoin ETFs on consecutive days last week, The Block found.

Bitcoin climbed to record $123,000 as investors anticipate major US policy moves during "crypto week," fueling gains across the market.

Bitcoin, the world's largest cryptocurrency, crossed the $120,000 mark for the first time in history on Monday. The digital currency, which has gained more than 29% for the year thus far, last traded 1.