The cryptocurrency excitement has gradually been transformed into a more practical area, as investors allocated millions of dollars into two recently created blockchain-focused exchange-traded funds.
The overall amount of investments reached $240 million this week alone, according to FactSet data.
"It is rare for new ETFs to pull in such a large amount of cash," Todd Rosenbluth, director of ETF & mutual fund research, CFRA, was quoted by CNBC as saying.
The increase in interest came despite Bitcoin's stagnation last week. The world's most widely known cryptocurrency dropped by nearly 7 percent, to about $10,800 on Friday on Coinbase, which is the leading US exchange for digital currencies.
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Blockchain is the technology applied to record and store transactions in cryptocurrencies such as Bitcoin.
The first blockchain-based exchange-traded funds (ETFs) were launched on January 17 on Nasdaq and the New York Stock Exchange Arca. They are expected to exclusively invest in blockchain-based companies.
