April 26, 2024

Institutional investors have invested over $ 57 billion in cryptocurrency

Institutional investors have invested over $ 57 billion in cryptocurrency

According to CoinShares, institutional investors continue to actively invest in crypto assets and their derivatives, increasing their share to $ 57 billion last week.

According to a new report from the company, from March 13 to March 19 alone, the inflow of funds into digital assets from major players amounted to $99 million.$85.3 million was invested in bitcoin-based derivatives, $99 million in ether-based derivatives, and $4.2 million in multi-currency derivatives.However, these figures are about half the level at the beginning of 2021.

CoinShares also notes a decrease in investment trading volumes.products by 36% compared with the average for the current year. This is mainly due to a decrease in the interest of American investors.

Grayscale, the world's largest crypto asset manager, had $ 44.2 billion in capital as of March 22.

Many investors are attracted by high levelsreturn on digital assets. For example, according to Compound Capital Advisors, Bitcoin averages 230%, which is 11 times higher than any other asset class.

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