CoinShares’ weekly cryptocurrency investment products report states that over the past week, the inflow of funds into such products amounted to $ 151 million.
According to the report, for the 13th week in a row, there has been a positive inflow of funds to cryptocurrency funds and trusts. So, since the beginning of the year, the inflow of funds into funds exceeded $ 9 billion. The total amount of funds under management at the end of the week amounted to $ 83 billion, but during the week the figure reached a record $ 87 billion.
As usual, most of the funds – $ 98 million – were attracted by investment products for Bitcoin. Institutional investors invested another $ 17.3 million in broadcast funds. In trusts for the Cardano cryptocurrency, the inflow of funds immediately amounted to $ 16.4 million – about 15% of the total amount of funds in such products.
Trusts for all assets turned out to be with a positive balance, with the exception of funds for the Tron cryptocurrency, from which $ 1 million was withdrawn.
The largest inflow of funds was recorded from ProShares and 21Shares – their products raised $ 80.6 million and $ 46.9 million, respectively. Naturally, in the first case, we are talking about ETFs for bitcoin futures.
As noted by CoinShares analysts, despite the long-term inflow of funds into investment products, the total trading volume declined in the second half of the year. If in the first half of the year, on average, institutional investors made transactions worth $ 960 million daily, then in the second half of the year the figure dropped to $ 750 million.
Recall that at the end of October, when the ETF on Bitcoin futures company ProShares was launched, the inflow of funds to investment funds amounted to $ 1.5 billion.