In the first quarter of 2021, investment in cryptocurrency exchange-traded products (ETP) skyrocketed.
According to the CoinShares team, in the reporting period, investors sent a total of $ 4.2 billion to crypto funds.
Thus, the previous record set in the fourth quarter of last year was broken. Then cryptocurrency investment products received $ 3.9 billion.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
Last week, investors sent a total of $ 55.8 billion to this segment, analysts said. They also drew attention to the continued positive trend and the growing interest of institutional players in digital assets.
Ethereum funds earned about $ 113 million last week, according to a CoinShares report. The authors also added: "The Bitcoin price close to $ 60,000 resulted in a marginal outflow of $ 39 million last week, which we believe is directly related to profit-taking."