Crypto Fund Inflows YTD Significantly Higher Than Last Year

Total assets under management have also reached an all-time high of $80 billion.

AccessTimeIconNov 8, 2021 at 9:05 p.m. UTC
Updated May 11, 2023 at 6:24 p.m. UTC
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Digital asset products saw inflows totaling $174 million last week, bringing year-to-date (YTD) inflows to $8.9 billion. This is a significant increase from the $6.7 billion pumped into digital assets in 2020.

Total assets under management (AUM) have also reached an all-time high of $80 billion, with bitcoin and ether leading the chart with roughly $53 billion and nearly $20 billion, respectively, according to CoinShares data.

Inflows in bitcoin totaled $95 million last week with a year-to-date record of $6.4 billion invested in the largest cryptocurrency.

Digital Asset Flows by Asset
Digital Asset Flows by Asset

With the recent events in the digital asset industry, these new highs shouldn’t be surprising because cryptocurrency investments are becoming more mainstream. On Monday, former Citigroup CEO Vikram Pandit said that in the coming years, every major bank and/or securities firm will think about trading crypto.

For Ethereum, sentiment has remained positive. Funds focused on the blockchain’s native cryptocurrency, ether, saw inflows of $31 million last week. “Ethereum’s market share has suffered in recent months due to bitcoin’s dominance, but the recent combination of positive price performance and inflow has seen their AUM rise,” the report said.

Meanwhile, other altcoins associated with blockchains remained popular as well. Polkadot’s DOT generated $9.6 million, the largest weekly inflow on record, while Solana’s SOL and Cardano’s ADA attracted $8.5 million and $5 million, respectively.

Another coin that stood out last week was TRON, the coin associated with a digital platform focused primarily on hosting entertainment applications; there were inflows of $22 million. Tron is now the eighth largest coin by assets under management, according to CoinShares data.


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Helene Braun

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

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