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Institutional investors poured in record $9.3 billion into crypto funds in 2021
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livemint.comGlobal crypto-themed funds witnessed record net inflows of $9.3 billion during 2021, a 36% increase over 2020 as institutional adoption grew in a breakout year for crypto assets, said digital asset manager CoinShares in a report.
The report further said that the total number of crypto assets or coins in investment product form expanded from nine to 15 during the year. Additionally, 37 investment products were launched in 2021 versus 24 in 2020, making a total of 132 products at present, indicative of the demand and popularity of digital assets.
“While the increase from 2019 to 2020 was significantly higher at 806%, we believe this represents a maturing industry, with total assets under management (AUM) ending the year at $62.5 billion in
Read more on livemint.comAbout this in other media
NFT platform OpenSea hits monthly record of $3.5 billion in ethereum trading volume as digital collectible mania rages on markets.businessinsider.com /2 years ago
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