Crypto Fund Inflows YTD Significantly Higher Than Last Year

Posted on by American Coins & Gold

Crypto Fund Inflows YTD Significantly Higher Than Last Year
Digital asset products saw inflows totaling $174 million last week, bringing year-to-date (YTD) inflows to $8.9 billion. This is a significant increase from the $6.7 billion pumped into digital assets in 2020.Total assets under management (AUM) have also reached an all-time high of $80 billion, with bitcoin and ether leading the chart with roughly $53 billion and nearly $20 billion, respectively, according to CoinShares data.Inflows in bitcoin totaled $95 million last week with a year-to-date record of $6.4 billion invested in the largest cryptocurrency.With the recent events in the digital asset industry, these new highs shouldn’t be surprising because cryptocurrency…