Signaling increased confidence in the future of digital assets, cryptocurrency investment products saw institutional investment inflows of US$174 million last week — the 12th consecutive week of inflows — bringing year-to-date inflows to a record US$8.9 billion, according to digital assets manager CoinShares.

Fast facts

  • Institutional investment into crypto products have surged this year with inflows year-to-date surpassing the total inflows for 2020 of US$6.7 billion. Total crypto assets under management (AuM) also reached a new all-time high of US$80 billion, CoinShares reported.
  • Bitcoin, the largest cryptocurrency by market value, has had the lion’s share of investment inflows into crypto. Bitcoin funds last week saw inflows of over US$90 million, with inflows in the 8-week bull-run at US$2.8 billion and year-to-date inflows at a record US$6.4 billion.
  • Ethereum has followed in Bitcoin’s lead. The second-largest cryptocurrency by market value saw inflows of US$31 million last week, with AUM now at a record US$20 billion. Ethereum, which hosts the majority of decentralized finance (DeFi) protocols, stablecoins and non-fungible tokens (NFTs), has been on an upward trajectory this year as it progresses on its multi-phase and multi-year transition to a proof-of-stake blockchain.
  • Altcoins such as Solana, Polkadot and Cardano also saw inflows of US$9.6 million, US$8.5 million and US$5 million respectively. Tron, a blockchain-based decentralized platform focusing on entertainment applications last week saw significant US$21.9 million in inflows, bringing its AUM over the last seven weeks to US$79 million, making it the eight-largest by AUM, CoinShares said.
  • The total cryptocurrency market cap crossed the US$3 trillion mark today with Bitcoin surging to a new all-time high of US$67,826.72 this morning Asia time, according to CoinGecko data.