Cryptocurrencies continue to see growing interest and demand from both retail and institutional investors.<\/p>\n\n\n\n
Recent data by Coinshares indicated that investment inflows into cryptocurrency funds hit a new record high of $4.5 billion during the first quarter (Q1) of 2021, Reuters reported.<\/p>\n\n\n\n
Q1 inflows registered an 11% quarterly increase compared with Q4 of 2020, which saw $3.9 billion of investment inflows.<\/p>\n\n\n\n
On the other hand, the pace of growth in inflows relatively slowed, after recording 240% in the last three months of last year.<\/p>\n\n\n\n
However, data suggest that this does not represent a trend, as quarterly rates vary based on many market conditions.<\/p>\n\n\n\n
As expected, the largest cryptocurrency in the world, Bitcoin, dominated the biggest share of inflows in the Q1 at $3.5 billion.<\/p>\n\n\n\n
Ethereum came in second place with $765 million in investments inflows.<\/p>\n\n\n\n
Last month, Bitcoin hit an all-time record high at $61,781.83, while Ether hit a new record high yesterday, exceeding $2,150 for the very first time.<\/p>\n\n\n\n
Data further showed that Crypto assets under management (AUM) grew to a new record level of $59 billion.<\/p>\n\n\n\n
Yesterday, data by CoinGecko and Blockfolio showed that market capitalization of cryptocurrencies exceeded the $2 trillion milestone for the first time.<\/p>\n\n\n\n
It is worth noting that Bitcoin, the biggest digital currency, dominates nearly half of this market cap value, at a little over $1 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cryptocurrencies continue to see growing interest and demand from both retail and institutional investors. Recent data by Coinshares indicated that investment inflows into cryptocurrency funds hit a new record high of $4.5 billion during the first quarter (Q1) of 2021, Reuters reported. Q1 inflows registered an 11% quarterly increase compared with Q4 of 2020, which …<\/p>\n","protected":false},"author":10,"featured_media":31837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[6903],"class_list":["post-43990","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=43990"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43990\/revisions"}],"predecessor-version":[{"id":43991,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43990\/revisions\/43991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31837"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}