According to digital asset investment manager CoinShares, institutional-level inflows into crypto investment products have already reached record levels in 2021.

According to the Coinshares weekly report of the 15th. In March, cryptocurrency inflows were already up 7.7% to $4.2 billion in the first quarter, surpassing the quarterly record of $3.9 billion set in the fourth quarter of 2020.

There are currently five digital asset providers with more than $1 billion in assets under management (AUM): Grayscale, CoinShares, 3iQ, ETC Issuance and 21Shares Shares. The newly created bitcoin trust fund ranks sixth with $517 million in assets under management, according to the report.

Cryptocurrency mutual funds closed on Friday, March 12, with a record $55.8 billion in assets. The $8.5 million increase was due to higher prices this week, the report said. Inflows into these investment products were $242 million, up 124% from $108 million the previous week.

While bitcoin remains the dominant asset, inflows into Ethereum-based investment products are also increasing as the asset gains popularity among institutional investors. For the week ending 12. In March, $113.5 million was received, nearly 50% of the total.

Multi-asset funds come in third, with weekly inflows of $3.6 million and total assets of $2.3 billion, the report said. The only digital assets to see a decline in inflows during the week were Ripple-based products, with outflows of $1 million during the period.

The report noted that bitcoin trading volume on trusted exchanges was slightly above average at $11.8 billion per day, compared to an average of $10.8 billion per day in 2021.

In its latest announcement, Grayscale, the world’s largest crypto asset fund, reported $42.9 billion in assets under management, 84% of which came from its popular Bitcoin Trust.

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