$57B worth of crypto

$57B worth of cryptocurrency | Crypto signals

Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions.

Daily Crypto Signals

In its weekly inflows report, digital asset manager CoinShares, said net inflows into digital asset investment products rose by $99 million for the week ended Mar. 19. Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373 billion. Flows into CoinShares declined by $25.9 million from the previous week. Year-to-date flows have declined by $93 million.

Grayscale is by far the world’s largest digital asset manager, with $44.2 billion in assets under management as of March 22.

$57B WORTH OF CRYPTO

With the exception of Ripple, all major assets tracked by CoinShares recorded weekly inflows, with $85.3 million flowing into Bitcoin (BTC).

BitCoin Long-Term Investors Good?

Inflows into Ethereum (ETH) products increased by $7.8 million. Multi-asset funds generated $4.2 million.

Price Analysis 23 03 2022: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA

Institutions have become a major driving force of the crypto bull market, possibly setting the stage for a more prolonged rally than the retail-driven euphoria of 2017.

$57B worth of crypto

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$57B worth of crypto

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