Crypto Fund Inflows of $8.9 billion in 2021 Smashes All Records
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Crypto fund provider CoinShares latest weekly report on investment flows sees a year to date inflow of $8.9 billion, representing a substantial increase on the 2020 figure of $6.7 billion.
Last week alone inflows totalled $174 million, which was the 12th consecutive week of inflows (week 45 as at 5 November 2021).
CoinShares says that the current 8-week bitcoin bull run has seen total inflows of $2.8 billion. Year to date Bitcoin inflows are at a record $6.4 billion.
Bitcoin is by far and away the most invested asset, with assets under management (AUM) of $53.3 billion.
Next comes Ethereum on $19.9 billion, with weekly Ethereum inflows of $31 million. Ethereum is pulling back on some of the recent growth n bitcoin dominance, with the price of the second-largest crypto asset by market capitalisation reaching all-time highs on an almost daily basis of the past few days.
Interest in Ethereum is being fuelled by its prominence in decentralised applications (dApps), and in particular the areas of non-fungible tokens (NFTs) and decentralised finance (DeFi)
Among the smaller altcoins, Tron is attracting some new attention and is in 8th place by AUM with inflows of $79 million.
Litecoin is the only coin that has seen outflow on a week and monthly basis (-$1.9 million for both periods).
Among the Ethereum smart contract platform rivals, Solana is pulling away, with an AUM of $246 million, followed by Polkadot ($147 million) and Cardano ($92 million).
Weekly inflows for Polkadot, Solana and Cardano were $9.6 million, $8.5 million and $5 million, respectively. With its parachain auctions starting last week, Polkadot saw a weekly inflow amounting to the largest on record at $8.5 million.
Looking at flows by provider, Grayscale continues to dominate, with AUM of $55.6 billion, followed by CoinShares on $6.1 billion (XBT and Physical). The weekly inflows across the providers tracked was $173 million, but with CoinShares Physical and ETC Group seeing outflows.
In Blockchain equities Exchange traded products Amplify Transformational Data ETF (BLOK) saw the highest weekly inflows totalling $2.7 million, while the Invesco Coinshares Global Blockchain ETF (BCHN) saw outflows of -$3.3 million.
You can find the CoinShares report here.
