CoinShares 2021 Q1 crypto capital inflow has reached $4.2 billion, a new quarterly high
This article comes fromCrypto Potato, the original author:Jordan Lyanchev
Odaily Translator | Nian Yin Si Tang
, the original author:
Odaily Translator | Nian Yin Si Tang
According to a recent report released by the encrypted asset management company CoinShares, although there is still some time before the end of the first quarter of 2021, the total inflow of its encrypted currency investment products has reached 4.2 billion US dollars, breaking the 3.9 billion US dollars in the fourth quarter of 2020. quarterly records. It is worth mentioning that the popularity of Ethereum among investors has soared, accounting for nearly 50% of the capital inflows in recent weeks.
Cryptocurrency Inflows Reach $4.2 Billion Since the Beginning of 2021dataIt is nothing new for the bitcoin and cryptocurrency space to attract massive capital inflows, even from institutional investors and large corporations. Companies such as MassMutual, MicroStrategy, One Asser River Management, and Tesla have entered the market one after another, undoubtedly showing that BTC's status among well-known financial companies has changed.
Provided by crypto asset management company CoinShares
also supports this statement. In a recent report on inflows into the cryptocurrency space, the firm said investors allocated a total of $3.9 billion in digital assets in the final quarter of 2020.
This was a record before, but the first quarter of 2021 has already broken it. Allocations to CoinShares crypto assets totaled more than $4.2 billion in the first three months of 2021 alone, following another good week of inflows of $242 million in mid-March.
It’s worth pointing out that in addition to Bitcoin, which has been the undisputed leader for most weeks, Ethereum has seen steady growth in inflows. Furthermore, ETH inflows even surpassed BTC in the second week of March, accounting for nearly 50% of total inflows.
secondary titleFive asset managers manage $1 billion in crypto assetsThe CoinShares report also noted that the number of digital asset investment product providers with assets under management (AUM) of at least $1 billion has increased to five.
Founded in 2013, Grayscale is the number one player in the space, having more than tripled its AUM since the start of the year,
reached $45 billion
. For comparison, the firm had just $2 billion in assets under management at the end of 2019, implying a 22-fold increase in that figure in about 15 months.
On February 18, North America’s first exchange-traded fund (ETF) tracking bitcoin began trading on the Toronto Stock Exchange in Canada under the symbol BTCC. The Purpose Bitcoin ETF provides investment exposure to Bitcoin by investing directly in “physical/digital Bitcoin,” the issuer, Purpose Investments Inc., said in a statement. The Fund is offered in Canadian and U.S. dollars. The Bitcoin ETF was previously approved by the Ontario Securities Commission (OSC), Canada's main securities regulator.
on the other hand,In the first month after its launch, the asset management scale of this product exceeded 1 billion US dollars, and currently has 14086.295 BTC.Not long after, the Ontario Securities Commission also approved another bitcoin ETF application filed by Canadian investment firm CI Financial.
on the other hand,
Brazil has become the second country in the world to approve a Bitcoin ETF
, QR Capital’s Bitcoin ETF has been approved by the Brazilian Securities and Exchange Commission and will trade on Sao Paulo’s B3 stock exchange under the symbol QBTC11.
However, the U.S. has so far rejected all Bitcoin ETF applications. VanEck, WisdomTree, New York Digital Investment Group (NYDIG), and Skybridge Capital (Skybridge Capital) have submitted Bitcoin ETF applications to the US SEC this year. At present, the most promising one to be approved may be VanEck. The Chicago Board Options Exchange (CBOE) previously filed an application seeking SEC approval for the listing and trading of the VanEck Bitcoin Trust.
