$57B worth of crypto

$57B worth of cryptocurrency | Crypto signals

Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions.

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In its weekly inflows report, digital asset manager CoinShares, said net inflows into digital asset investment products rose by $99 million for the week ended Mar. 19. Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373 billion. Flows into CoinShares declined by $25.9 million from the previous week. Year-to-date flows have declined by $93 million.

Grayscale is by far the world’s largest digital asset manager, with $44.2 billion in assets under management as of March 22.

$57B worth of crypto

With the exception of Ripple, all major assets tracked by CoinShares recorded weekly inflows, with $85.3 million flowing into Bitcoin (BTC).

BitCoin Long-Term Investors Good?

Inflows into Ethereum (ETH) products increased by $7.8 million. Multi-asset funds generated $4.2 million.

Price Analysis 23 03 2022: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA

Institutions have become a major driving force of the crypto bull market, possibly setting the stage for a more prolonged rally than the retail-driven euphoria of 2017.

$57B worth of crypto

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