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.”
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | Volume 24h | |
| 1 |  BTC |
Bitcoin predictions | 89.6% | 18 | $48 040.82 | -1.15% | 4.49% | $904 138 209 931 | $27 168 138 382 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74% | 50 | $3 406.76 | -3.36% | -0.59% | $400 587 974 492 | $14 083 515 721 | |
| 3 |  ADA |
Cardano predictions | 65.2% | 67 | $2.37 | -1.97% | -9.16% | $75 770 110 129 | $1 761 903 242 | |
| 4 |  BNB |
Binance Coin predictions | 65.6% | 70 | $409.51 | -2.13% | -1.24% | $68 853 321 231 | $1 118 665 295 | |
| 5 |  USDT |
Tether predictions | 95.6% | 1 | $0.998941 | -0.15% | -0.13% | $68 220 155 150 | $55 238 355 832 | |
| 6 |  XRP |
XRP predictions | 67.2% | 61 | $1.074680 | -1.02% | -2.67% | $50 104 002 644 | $2 001 954 604 | |
| 7 |  SOL |
Solana predictions | 56.4% | 90 | $159.62 | -0.39% | -11.29% | $47 403 146 839 | $4 342 326 777 | |
| 8 |  DOT |
Polkadot predictions | 60.8% | 81 | $33.87 | -3.28% | 5.40% | $33 450 932 962 | $1 531 270 854 | |
| 9 |  DOGE |
Dogecoin predictions | 66.8% | 75 | $0.238990 | -2.72% | -2.75% | $31 391 728 418 | $814 388 693 | |
| 10 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.998865 | -0.13% | -0.15% | $29 376 466 972 | $1 886 680 146 | |
| 11 |  AVAX |
Avalanche predictions | 67.6% | 69 | $72.57 | 1.86% | 14.34% | $15 986 861 751 | $1 646 527 720 | |
| 12 |  UNI |
UniSwap predictions | 66.8% | 64 | $24.41 | -2.34% | 2.68% | $14 931 117 171 | $258 525 925 | |
| 13 |  LUNA |
Terra predictions | 67.6% | 64 | $35.81 | 0.61% | -13.26% | $14 384 328 816 | $821 923 843 | |
| 14 |  LINK |
Chainlink predictions | 74% | 50 | $28.31 | -3.15% | 0.91% | $12 837 320 531 | $907 387 794 | |
| 15 |  BUSD |
Binance USD predictions | 94.8% | 1 | $0.998729 | -0.16% | -0.14% | $12 797 266 194 | $4 423 728 987 |
