According to digital asset investment manager CoinShares, el primer trimestre de 2021 has hit a new record for institutional crypto product inflows.
As reported in the April 6 CoinShares Fund Flows Weekly bulletin, Q1 of this year hit a new record with $4.5 billion in inflows compared with $3.9 billion in the final quarter of 2020.
It added that inflows for the past week recorded, ending on April 2, totaled $106 million helping push the total for the three-month period 11% higher than the previous quarter. The inflow was down on previous weeks, sin embargo, as the week ending Mar. 12 recorded a $242 millones de entrada.
While institutional inflows have slowed, CoinShares believes it is not indicative of a broader slowing trend as quarterly growth rates tend to be varied.
Inflows for the past week have been dominated by $83 million in Bitcoin products, o 78% del total, y $20 million in Ethereum. Overall volumes for Bitcoin investment products comprise a relatively small share of 6.7% of the total trading volume for regulated or ‘trusted’ cryptocurrency exchanges.
Assets under management for both active and passive crypto investment products are at an all-time high of $59 mil millones. Grayscale makes up the lion’s share of this AUM figure with $46 mil millones, o 78% del total. The second-largest crypto asset fund is CoinShares itself with $5 mil millones en activos bajo gestión.
The European digital asset investment firm has expanded its institutional products this week with the introduction of a physically-backed Litecoin exchange traded product. The new CoinShares investment product will be initially listed on Switzerland’s regulated crypto exchange, SEIS intercambio suizo.
The Litecoin ETP is the third institutional-grade product the firm has launched in 2021. It follows a physically-backed Bitcoin ETP in January and a similar one for Ethereum in February.
En abril 1, Cointelegraph reported that CoinShares had entered a partnership with Canadian investment fund manager 3iQ in order to launch a Bitcoin exchange-traded fund (ETF) en Canadá.
3iQ launched Canada’s first institutional Bitcoin fund in April 2020, and it currently has $1.7 billion in assets under management according to the CoinShares report.
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