Inflows of digital asset investment products this quarter reached a record $420 million

According to CoinShares, a digital asset investment management company, so far in 2021, the inflow of institutional-grade encrypted asset investment products has reached record levels.

According to the Coinshares weekly cash flow report on March 15, the inflow of funds to cryptocurrency funds in the first quarter increased by 7.7%, reaching US $ 4.2 billion, breaking a quarterly record of US $ 3.9 billion in the fourth quarter of 2020.

There are currently 5 digital asset investment providers with assets under management of more than $ 1 billion: Grayscale, CoinShares, 3iQ, ETC Issuance, and 21Shares. According to the report, the newly founded Purpose Bitcoin Fund is ranked sixth with US $ 517 million in assets under management.

The report showed that the crypto asset investment fund closed on March 12 (Friday), with assets under management hitting a record 55.8 billion US dollars. The price trend in the previous week was bullish. The inflow of investment products reached US $ 242 million, an increase of 124% from US $ 108 million in the previous week.

Although Bitcoin is still the dominant asset, the popularity of crypto assets among institutional investors has increased, as has the flow of funds into investment products. In the week ended March 12, there was an inflow of US $ 113.5 million, accounting for nearly 50% of the total.

The report shows that the weekly inflow of funds from multi-asset funds is US $ 3.6 million, and the total asset management scale is US $ 2.3 billion. The only digital asset product whose inflow decreased this week is based on Ripple, which has poured in $ 1 million during this period.

The report shows that Bitcoin trading volume on trusted exchanges is slightly higher than average, at $ 11.8 billion per day, while the average daily trading volume in 2021 is $ 10.8 billion

Grayscale, the world's leading crypto asset fund, stated in its latest announcement that the assets under management are US $ 42.9 billion, of which 84% is the popular Bitcoin trust fund.