A report released by digital currency manager Coinshares shows investment inflows into cryptocurrencies in the first quarter reached a record high of US $ 4.5 billion. That number increased 11 percent from the previous quarter in 2020 which reached US $ 3.9 billion.
However, when compared to last year’s fourth quarter growth of 240 percent, growth in crypto investment in the first quarter of 2021 shows a slowdown.
However, in the report, Coinshares said this did not indicate a broader trend of a slowdown. “Because the quarterly growth rate tends to vary widely,” wrote Coinshares as quoted by Antara, Wednesday (7/4)
Monday (5/6) Reached $2 Trillion
On Monday (5/6), the market capitalization of the crypto currency sector reached its peak. all time amounting to US $ 2 trillion. Bitcoin’s market cap of over US $ 1 trillion held that level of attainment for an entire week.
According to Coinshares data, bitcoin had the most inflows in the first quarter with US $ 3.5 billion, followed by ethereum, which posted an investment of US $ 765 million.
In addition, managed crypto assets also jumped to the highest point, namely US $ 59 billion, up from last year’s US $ 37.6 billion.
Grayscale is still the largest digital currency manager, with assets of US $ 46. Then CoinShares, the second largest and largest digital asset manager in Europe, oversees assets of around US $ 5.1 billion.
Meanwhile, investment managers manage fewer crypto assets, namely 1.5 percent of the total assets of US $ 59 billion. In percentage terms, this position is down from the fourth quarter of last year which reached 3.6 percent.
