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Institutional crypto fund inflows drop 97% in three weeks


12 Jan 2021

#Bitcoin

Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan. 11 Digital Asset Fund Flows report, the first week of trading in the new year saw just $29 million flow into institutional crypto products. That’s a greater than 97% decline from the $1.09 billion invested during the week before Christmas. Volumes are likely to have been dampened by traders taking holidays over the new year.

However the firm also notes that December’s surging inflows have been followed by recent “evidence of potential profit taking,” with multiple crypto investment products recording weekly outflows in early January.

As of Jan. 8, CoinShares estimated that $34.4 billion in capital was held in crypto investment products — of which $27.5 billion, or 80%, was in locked BTC funds, while $4.7 billion, or roughly 13.5%, was invested in ETH products.

The report notes that Bitcoin funds have also produced stronger volumes recentl than during the December 2017 bull run, stating: “We have seen much greater investor participation this time round with net new assets at US$8.2bn compared to only US$534m in December 2017.”

Source


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# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78% 33 $62 706.80 -1.21% -1.68% $1 239 378 185 376 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 79.6% 43 $2 439.89 -1.94% -7.71% $293 713 346 867 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $0.999766 -0.01% 0.03% $119 829 220 483 USDT 7 days price change
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5 Solana (SOL) SOL Solana predictions 75.2% 45 $144.16 -3.76% -7.43% $67 648 593 118 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999956 -0.01% 0% $35 323 955 374 USDC 7 days price change
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