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Institutional Bitcoin and altcoin funds recorded record inflows in 2021 as demand for cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) continued to rise during a volatile and often unpredictable bull market. As Kriptokoin.com , we transfer the most notable altcoins on an institutional basis…

CoinShares and Grayscale data show the change in Bitcoin and altcoin funds

CoinShares According to data, crypto investment products recorded $9.3 billion in year-on-year inflows, up from $6.8 billion in 2020. Bitcoin funds attracted $6.3 billion in capital last year, while ETH products saw around $1.4 billion in inflows. Multi-asset funds were also popular, attracting $775 million in investor capital. A total of 37 investment products were launched in 2021, compared to 24 launched the previous year. Notably, crypto assets included in investment products have increased from 9 in the previous year to 15.

Grayscale remains the largest crypto asset manager with $43.5 billion in assets under management as of Monday. Among the altcoins offered by Grayscale are: BAT, BCH, LINK, MANA, ETH, ETC, FIL, ZEN, LTC, LPT, XLM, SOL, ZEC. Other multi-billion dollar asset managers included 3iQ, 21Shares, ETC Group, Purpose and ProShares.

Despite the enormous volatility, cryptocurrencies will be available in 2021 for both individual and also gained wider general acceptance with the participation of institutional investors in the market. 2021 was the year crypto became a multi-trillion dollar asset class, putting it on the radar of fund managers and family offices.


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