Despite the decline in transaction volume, institutional Bitcoin products still set AUM records

Despite the decline in transaction volume in the second half of 2021, institutional traders have locked record funds in Bitcoin investment products.

According to CoinShares’ November 15th “Digital Asset Fund Weekly Reportreport, Bitcoin (Bitcoin) The total inflow of investment products between November 8 and November 12 was US$97.5 million-pushing the industry’s assets under management (AUM) to a record US$56 billion. Year-to-date (YTD) capital inflows also reached US$6.5 billion last week.

Bitcoin instruments accounted for 64.6% of the US$150.9 million that flowed into digital asset investment products last week.Although the record-breaking AUM coincides with the establishment of BTC Historical high Approximately $69,000 on November 10, after which the market Pull back A 10% increase at the price of $62,100.

Although CoinShares pointed out that digital asset investment products have seen inflows for 13 consecutive weeks, the industry has “declined in transaction volume” in the second half of 2021.

According to the report, the average daily trading volume in the second half of this year was US$750 million-a 22% drawdown compared with the US$960 million in the first half of 2021.

Although Ethereum has the highest weekly inflow of altcoin tracking products at $17.3 million, this figure marks a 44% decrease in the weekly ratio of this asset class.Despite the exhaustion of trading volume, CoinShares reported that the asset management scale of Ethereum products reached a record 21 billion U.S. dollars, while the price of ETH reached a record high of close to 4,900 U.S. dollars on November 10

Cardano (ADA) ranked second, with weekly inflows of US$16.4 million, an increase of 227%. CoinShares stated that it was unable to “identify an obvious catalyst” to drive a surge in investment in the Cardano Fund.

Despite the decline in transaction volume in the second half of 2021, institutional traders have locked record funds in Bitcoin investment products.

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The price of ADA also experienced a sharp rebound this week, rising from around US$2.00 on November 8 to around US$2.36 on November 10. However, the price of Cardano fell back to $2.11 on Friday. ADA is still down 46% from its September all-time high of $3.09.

Solana (SOL), Polkadot (DOT) and Ripple (XRP) investment products also inflowed USD 9.8 million, USD 5.2 million and USD 3.1 million respectively this week.