The cryptocurrency market witnessed a mega bull run during the last year of 2021. On Tuesday, January 4, institutional crypto investing platform CoinShares shared annual stats regarding institutional inflows in the crypto space last year.
As per the report, the institutional yearly inflows in crypto stood at a staggering $9.3 billion marking a near 36% jump against $6.8 billion in 2020. Furthermore, the total number of crypto assets and investment products has also expanded from 9 to 15 in 2021.
Additionally, 37 new investment products were launched last year against 24 products in 2020. Thus, as of now, there are 132 institutional crypto products suggesting strong institutional demand in the crypto space. In its report, CoinShares mentioned:
“While the increase from 2019 to 2020 was significantly higher at 806%, we believe this represents a maturing industry, with total assets under management (AUM) ending the year at $62.5 billion in 2021 versus just $2.8 billion at the end of 2019″.
Bitcoin still continues to dominate net inflows in the market against other altcoins. As per the CoinShares report, Bitcoin registered net inflows of $6.3 billion in 2021 marking a 16% increase over the previous year. On the other hand, Ethereum registered net inflows of $1.3 billion in 2021. Other multiasset funds with a basket of cryptocurrencies witnessed net inflows of $775 million.
Trending Stories
The world’s largest digital asset manager – Grayscale – continued to maintain its market dominance with $43.5 billion in AUM. This was followed by CoinShares at $4.75 billion and 3iQ with an AUM of $2.52 billion.
Institutional Crypto Buying to Continue in 2022 Amid Inflation Fears
During his recent interview with Forbes, FTX exchange founder Sam Bankman-Fried said that he expects institutional crypto buying to continue strongly in 2022. This will be predominantly driven by greater regulatory clarity as well as the rising inflation fears, said SBF. In his interview, the FTX founder noted:
The things that make me optimistic basically are more regulatory clarity in the US and globally which I think could help a ton on institutional adoption. A lot of it depends on exactly what happens on the regulatory front as well.
He further added: “Basically every large financial institution I’ve talked to, every large bank, every large investment bank, pension funds, they’re all eyeing this sector.”
- Hard Fork Vs Genesis Chain: Terra Team Clears Air Around Debate
- Prominent Investment Officer Predicts More Downside For Bitcoin Price, Here’s Why
- Investors Move $141 Million Out Of Crypto: CoinShares Report
- Just In: S. Korea Police Seek To Guard LUNA Assets
- Incoming Shiba Inu Rally? Over 22 Billion SHIB Tokens Burned Across 497 Transactions
- French Luxury Brand Balenciaga To Accept Crypto Payments In U.S.
- PayPal May Soon Accept All Forms Of Crypto Reveals Vice-President
- Crypto Analyst Predicts What Will Kickstart Next Bitcoin Bull Run
- Just-In: South Korea May Sue Crypto Exchanges Over Terra Crash
- Breaking: S. Korean Exchanges Redflag Litecoin Mimblewimble Update; May Delist LTC
- What Next For The Fast Recovering FTM Price?
- Ethereum Price Analysis: Triangle Pattern Foretells Upcoming Rally in ETH
- Zilliqa Price Analysis: Channel Breakout Hints ZIL Price to hit $0.1
- Bitcoin Price Analysis: Trapped Bullish Momentum Need Triangle Breakout
- FTM Price Analysis: Buyers Tease Breakout From Long-Coming Trendline
- GALA Price Analysis: High Momentum Fallout Warns $0.075 Fallout
- Solana Price Prediction 2022: Bulls to drive SOL Price to new Highs?
- Theta Price Prediction 2022 : Analysts Insights into the crucial Reversal levels
- Sandbox Price Prediction 2022 : Analysts Show Optimism Towards The Metaverse SAND Token
- Apecoin Price Prediction 2022 : The future of Web3 and NFTs ?
