Institutional managers hold a record $57B worth of crypto, according to CoinS...
Inflows into Grayscale products continue to surge, according to CoinShares data. Bitcoin remains the preferred asset for institutional investors. Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions. In its weekly inflows report, digital asset manager CoinShares, said net inflows into digital asset investment products rose by $99 million for the week ended Mar. 19. Grayscale generated $9.1 million of inflows, bringing its year-to-date total to $2.373....
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Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report. Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares.Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing the yearly total to $824 million. Managers now hold a combined $13.9 billion worth of ETH. The weekly....
Bitcoin and the broader cryptocurrency market are bullish again; institutional investors have increased their allocation accordingly. Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report. Total assets held by institutional managers reached $72.3 billion for the week ending Sunday, Oct. 17, the highest level on record. By comparison, institutional crypto holdings were worth $57 billion in March and reached $71.6 billion in May.For the latest week,....
While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets.According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and asset managers — representing 4% of the cryptocurrency’s supply. Industry leader, the Grayscale Bitcoin Trust, represents more than 3% of the Bitcoin supply, managing 654,600 BTC....
A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest weekly inflow on record is $468 million seen in November. Breaking down the latest inflows, the Coinshares weekly report that tracks the flow of money into digital asset funds shows that Grayscale accumulated $336 million or roughly 78% of the $429 million. Following its latest acquisitions,....
BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were interested in investing in tokenized assets. BNY Mellon CEO Robin Vince says “client demand” was the “tipping point” that ultimately led to the bank’s launch of institutional-focused crypto services last week.BNY Mellon, America’s oldest bank, became the first large bank in the country to offer custody of institutional clients’ Ether (ETH) and Bitcoin (BTC) on Oct. 11.In an Oct. 17 conference call following the release of its third quarter earnings, Vince pointed to a....