Bitcoin Cash (CRYPTO: BCH), a peer-to-peer digital currency designed to offer faster and cheaper transactions compared to Bitcoin (CRYPTO: BTC), has surged 40.7% to $520.08 over the past month, buoyed by historic levels of institutional investment in cryptocurrency as Bitcoin nears the $100,000 level.

What To Know: According to CoinShares, digital asset investment products saw a record-breaking $3.13 billion in net inflows last week, driven primarily by Bitcoin exchange-traded funds (ETFs), which alone accounted for $3.12 billion. Year-to-date inflows now stand at $37 billion, signaling growing confidence in cryptocurrencies as a mainstream asset class.

While Bitcoin dominated these inflows with $3 billion, altcoins like Bitcoin Cash have seen renewed interest. BCH, which emerged from a 2017 Bitcoin hard fork, aims to enhance transaction speed and scalability. It benefits from its association with Bitcoin while providing utility as a decentralized payment network, gaining traction as blockchain adoption grows.

Meanwhile, short-Bitcoin products saw $10 million in inflows, reflecting mixed market sentiment as Bitcoin prices hover near all-time highs.

As institutional investments flood the space, Bitcoin Cash has capitalized on broader market enthusiasm, positioning itself as one of the favored altcoins in the digital currency ecosystem.

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