CoinShares: crypto investment products pull in a record $1.31 billion in a week

Net inflows into cryptocurrency-based investment products last week amounted to a record $1.31 billion. Data from digital asset management firm CoinShares.

“We believe that investors are paying very close attention to the price this year because of the speed with which Bitcoin is reaching new highs,” said investment strategist James Butterfill.

As of January 25, CoinShares data show assets under management by cryptocurrency product providers fell to $29.7 billion, with 97% of them allocated to Bitcoin. The all-time high of $34.4 billion was reached on January 8.

Data: CoinShares.

Last week, the value of Grayscale Investments’ assets under management fell as Bitcoin’s price declined to $24 billion, from $28.2 billion as of January 8. The Bitcoin Trust pulled in a record $1.2 billion for the week.

Weekly Flows 25-01-21 by ForkLog on Scribd

Earlier CoinShares reported a substantial decline in inflows into cryptocurrency investment products.

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