The following is the In 2021, the capital inflow of Q1 cryptocurrency reached US $4.5 billion From CoinShares recommended by recordtrend.com. And this article belongs to the classification: online finance, Blockchain.
According to data released by coinshares, a cryptocurrency asset management company, on Tuesday, the inflow of funds into cryptocurrency funds and products reached a record $4.5 billion in the first quarter, reflecting the increasing involvement of institutional investors. In the fourth quarter of last year, the capital inflow of global cryptocurrency funds and products was US $3.9 billion, a sharp increase of 240% on a month on month basis, while the growth rate slowed to 11% in the first quarter.
However, coinshares said in the report that this did not “herald a broader slowdown, as quarterly growth rates tend to vary widely.”
On Monday, the total market value of global cryptocurrency exceeded $2 trillion for the first time. Bitcoin is worth more than $1 trillion in real terms, and has maintained this milestone level for a week in a row.
According to coinshares, bitcoin funds and products attracted the most capital in the first quarter, reaching $3.5 billion, followed by Ethereum, with an inflow of $765 million.
By the end of the first quarter, global cryptocurrency assets under management had reached a record $59 billion, an increase of $21.4 billion from $37.6 billion at the end of last year.
Grayscale remains the largest digital money management company with $46.1 billion under management, with coinshares in second place with about $5.1 billion under management.
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