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Crypto Funds Records $8.9B Investment Inflows This Year Alone

Notably, Institutional investment into crypto products continues increasing this year. More so, with inflows year-to-date hitting past the total inflows for 2020 of US$6.7 billion. Additionally, crypto assets under management (AuM) also hits a new all-time high of US$80 billion.

Furthermore, Bitcoin, the largest cryptocurrency by market value, boasts of the bigger part of investment inflows into crypto.

Notably, Bitcoin funds last week records inflows of more than US$90 million. Particularly, with inflows in the 8-week bull-run at US$2.8 billion and year-to-date inflows at a record US$6.4 billion.

On the other hand, Ethereum follows after Bitcoin’s lead, seeing inflows of US$31 million last week, with crypto AUM now at a record US$20 billion.

More so, Altcoins like Solana, Polkadot and Cardano also has inflows of US$9.6 million, US$8.5 million and US$5 million respectively.

Then, Tron, a blockchain-based decentralized platform on entertainment applications. Also, it has significant US$21.9 million inflows, with its AUM over the last seven weeks to US$79 million. Of course, this makes it the eight-largest by AUM, according to CoinShares.

Lastly, The total cryptocurrency market cap hits past the US$3 trillion mark with Bitcoin surging to a new all-time high of $68,564, according to CoinGecko data.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.