According to a new report by the market data aggregator – CoinShares, the inflow of capital in cryptocurrencies has been growing recently. Interestingly, the gold market is recording record outflows.
IN report released on December 7, it was noted that in the past four weeks, gold investment products had experienced a record outflow of $ 9.2 billion. At the same time to the products BTC $ 1.4 billion of capital flowed in.
The entire cryptocurrency fund sector has seen a record inflow of $ 429 million in the past two weeks. Significant investments have attracted funds Ethereum. This was due to the completion of the 0 eth 2.0 phase and the launch of Beacon Chain on December 1.
Despite accounting for 14% of the capital stuck in cryptocurrency investment products, 20% or $ 87 million of capital flows over the past two weeks have been invested in funds offering Ethereum exposure.
Grayscale holds 83% of the market share
The report estimates that cryptocurrency investment products currently manage a total of $ 14.9 billion. Grayscale Investments alone accounts for over 83%. CoinShares estimates that Grayscale has received over $ 336 million from its investors over the past week. The second place was taken by ETC Issuance with an inflow of USD 19 million, followed by 21Shares with USD 13 million.
Recent pricing measures have resulted in the percentage of total AUM (assets under management) of the sector, represented by monthly inflows, rose to the second highest level in history. Thus, it has overcome the only surge in inflows recorded in the run-up to the last halving. Last month inflows account for approximately 0.4% of the sector’s total AUM.
While more than $ 4.8 billion poured into cryptocurrency funds this year, this figure represents just 10.5% of the $ 45.7 billion that went into gold markets.
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