Institutional Bitcoin products tag record AUM despite volume pulling back By Cointelegraph


© Reuters

Institutional merchants have locked a record sum of capital into funding products despite commerce volume declining through the second half of 2021.

According to CoinShares’ Nov. 15 “Digital Asset Fund Flows Weeklyreport, Bitcoin (BTC) funding products noticed complete inflows of $97.5 million between Nov. 8 and Nov. 12 — pushing the sector’s property below administration (AUM) as much as a record $56 billion. Year-to-date (YTD) inflows additionally tagged $6.5 billion final week.