您现在的位置是:Institutional Investors pumped $429M into crypto last week >>正文
Institutional Investors pumped $429M into crypto last week
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛7人已围观
简介Institutional investors are pumping money into the cryptocurrency space in record numbers as they lo...
Institutional investors are pumping money into the cryptocurrency space in record numbers as they look to leverage the recent price surge of Bitcoin and others
Institutional investments in the cryptocurrency market have been rising in recent weeks. For the week ended 7 December, institutional investors added $429 million into cryptocurrency funds and products. This massive influx of cash is the second-highest weekly investment record into cryptocurrency funds and products as cryptocurrency assets under management reached a record $15 billion. The previous weekly high was three weeks ago when crypto funds received $468 million from investors.
Reuters, citing data from digital asset manager CoinShares, reported that cryptocurrency funds had recorded a stellar 2020 so far. By the end of 2019, crypto assets under management were just $2.57 billion, but the industry has added $12.5 billion over the past 12 months as Bitcoin and other cryptocurrencies rally.
Grayscale remains the largest cryptocurrency fund in the world. Last week, the company had $336.3 million in inflows. The investment saw Grayscale’s assets under management rise to a new high of $12.4 billion. CoinShares added that Grayscale had added nearly $4.3 billion in cryptocurrency assets under management this year.
James Butterfill, an investment strategist at CoinShares, told Reuters that there had been a shift in the sector as more institutional investors have gone from asking about Bitcoin to believing that the cryptocurrency is here to stay. He added that the current level of interest in Bitcoin shows that we are at the beginning of institutional adoption as the market is expected to grow further over the coming years.
Institutional investors prefer Bitcoin
Institutional investors have chosen Bitcoin and associated investment products over the other digital assets available recently. Bitcoin took the lion’s share of the total assets under management, with investors putting $334.7 million of the total $429 million into Bitcoin and its related assets.
As usual, Ether (ETH) came in second in terms of institutional investments last week. The cryptocurrency and its related products raked in roughly $87.1 million. The investments were likely from investors seeking exposure ahead of the Ethereum’s network launch of ETH 2.0 and its continued preference for decentralised finance platforms
Bitcoin attained a new all-time high last week after it traded at $19,900 on numerous cryptocurrency exchanges. Some experts believe the influx of institutional funds is helping the cryptocurrency market reach new record highs. It would be interesting to track how much money institutional investors are pouring into the market weekly.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/4791.html
相关文章
'Secret' Taiwanese cruise missile successfully tested
Institutional Investors pumped $429M into crypto last weekBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.On Wednes...
阅读更多
Thorchain up 8% on bug bounty news: where to buy Thorchain
Institutional Investors pumped $429M into crypto last weekThe Fed interest hike reflected on the whole crypto market very positively. One of the winners has b...
阅读更多
The project is part of Square's goal to become carbon neutral by 2030
Institutional Investors pumped $429M into crypto last weekCanadian blockchain technology company Blockstream has announced a partnership with digital payments...
阅读更多
热门文章
最新文章
Iran Halts Crypto Mining Activities Until September
UK FCA: Crypto firms are failing to observe AML standards
A rechargeable battery made from agricultural and plastic waste
Elon Musk Discloses Tesla May Start Accepting Bitcoin Again
Splinterlands achieves 2.32M daily rentals
Digital Euro will respect consumer privacy