Coinshares stated that $ 4.5 billion had entered into Cryptocurrency funds in the first quarter. This number has recorded as the highest level of all time.
According to data released yesterday by digital currency company Coinshares, entry into cryptocurrency funds saw a record high with $ 4.5 billion in the first quarter. This increase shows that institutional participation in cryptocurrency funds is increasing.
In the last quarter of last year, $ 3.9 billion entered into crypto money funds.
According to the data, crypto investments slowed in the first quarter compared to the fourth quarter. When the increase was 240 percent. However, Coinshares said in the report that this is not “indicative of a slowing trend as quarterly growth rates tend to be highly volatile”.
EXCEEDS 2 TRILLION DOLLARS PER WEEK
The market cap of the cryptocurrency industry reached its all-time high with $ 2 trillion on Monday. Bitcoin’s market value is more than $ 1 trillion.
According to Coinshares data, the most money inflow made to Bitcoin with $ 3.5 billion in the first quarter. It followed by Ethereum with $ 765 million.
Bitcoin, the highest market capitalized cryptocurrency, hit a record $ 61,781.83 in mid-March. However, it has been trading in a narrow range.