This is a weekly report of digital asset funds based on CoinShares's report. Bitcoin comprises 83% of digital asset investment product under management. So far, this year investors invested more in bitcoin which comprised 97% of this year inflow in total at present, Bitcoin trading volume avarage this year has been $12.3 compared to $2.2 trading volume avarage in 2020, but although, this year just started, but Bitcoin trading volume has significantly increased. Invest product inflow last week hit record total of $1.31 following minor outflow period. Despite this, investment products have not tested the liquidity of the underlying Bitcoin, with investment products representing only 6.5% of total Bitcoin trading turnover.
Bitcoin total week flow is 1266.2, Having month to date flow of 1647.1, year to date flow of 1,647, with asset under management of 24,803, Bitcoin has the high inflows while followed by ethereum. Flows by providers can also be seen above with GrayScale being the the leader with the high inflow but currently delisted ripple from the asset they have under management due to the lawsuit filed by United States SEC against ripple CEO. The lawsuit has ensued United States exchanges delisting ripple while many investors had liquidated their ripple holding. This has been the reason why the price of ripple plunged below $0.3 even during bullrun period. This year 2021, the price of bitcoin hit all-time-high while ether followed, but not coin has been more successful as Bitcoin with the highest inflow and marketcap.
https://pd.coinshares.com/l/882933/2021-01-25/8tkm/882933/1611590184fdiveZ24/Weekly_Flows_25_01_21.pdf
