Key Takeaways Bitcoin crosses $118K driven by strong inflows into Bitcoin ETFs.BlackRock leads ETF investments, boosting institutional confidence.Crypto Week po

As the U.S. government mulls over the future of crypto regulation during its self-proclaimed “crypto week,” investors are also looking toward a potentially bright future for cryptocurrencies — through their portfolios.

Bitcoin rocketed past $120,000 for the first time in history to notch a new all-time high of nearly $123,000 early Monday morning, according to data from Binance. The cryptocurrency posted a daily jump of about 3% and a weekly gain of more than 12%.