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During the final year of 2021, the cryptocurrency market experienced a massive bull run. CoinShares, an institutional cryptocurrency investing platform, released annual statistics on institutional cryptocurrency inflows last year on Tuesday, January 4.
According to the research, institutional yearly inflows into crypto were $9.3 billion in 2018, up nearly 36% from $6.8 billion in 2020. In addition, the total number of cryptocurrency assets and investment products has grown from 9 in 2017 to 15 in 2021.
In addition, 37 new investment products were introduced last year, compared to 24 in 2020. As a result, there are currently 132 institutional crypto products available, indicating substantial institutional demand in the cryptocurrency market. CoinShares mentioned the following in its report:
“While the increase from 2019 to 2020 was significantly higher at 806%, we believe this represents a maturing industry, with total assets under management (AUM) ending the year at $62.5 billion in 2021 versus just $2.8 billion at the end of 2019″.
In comparison to other altcoins, Bitcoin continues to dominate net inflows. According to the CoinShares report, Bitcoin had net inflows of $6.3 billion in 2021. That’s, up 16 percent from the previous year. Ethereum, on the other hand, saw $1.3 billion in net inflows in 2021. Other multiasset funds with a cryptocurrency basket had $775 million in net inflows.
Grayscale, the world’s largest digital asset management, maintained its market domination with $43.5 billion in AUM. CoinShares came in second with $4.75 billion in AUM, followed by 3iQ with $2.52 billion in AUM.
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