Investments in cryptocurrencies increased by 36% in 2021

Investments in cryptocurrencies increased by 36% in 2021

Despite being significantly lower than the proportional gain of the previous year of 806%, the latest CoinShares report believes that "this represents a maturing sector". The report also cites total assets under management (AuM) growing from $ 2.8 billion at the end of 2019 to $ 62.5 billion by the end of 2021 as an important indicator of market development.

In addition to greater volume, the amount of cryptocurrency-based investment products also expanded over the past year. For example, the total number of coins included in investment products has grown from 9 to 15. In addition, 37 investment products were launched in 2021, up from 24 in 2020, which now brings the total to 132.

Compared to other digital asset investment products, those based on bitcoin experienced the lowest growth in inflows in 2021, seeing a year-over-year increase of only 16%, after rising from $ 5.4 billion l last year at $ 6.3 billion. Meanwhile, inflows into Ethereum-based investment products more than doubled in 2021 to $ 1.3 billion from $ 920 million at the end of 2020. Despite these overall gains, Ethereum-based products have seen outflows grow. up to 161 million dollars in the last month of the year.

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The first week of outflows closed a series of 17 consecutive weeks of inflows towards investment products in digital assets. It was triggered by US Federal Reserve statements about a faster-than-expected tapering of its asset purchases, which negatively impacted all risky assets, not just cryptocurrency-based ones.

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