Cryptocurrency investment exploded

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The total inflow of investments in funds and products related to cryptocurrencies reached 5.6 billion dollars this year, significantly more than in 2019, according to the latest data from the asset management company CoinShares. Namely, when the growth in the value of cryptocurrencies in recent weeks is added to that, the amount of assets managed by such funds is approaching 19 billion dollars, or seven times more than last year. At the end of 2019, the value of those assets was only $ 2.57 billion. Interest in cryptocurrencies has risen sharply this year as investors have treated bitcoin as insurance against inflation and as an alternative to a weaker dollar. Bitcoin jumped to a record $ 24,298.04 on Sunday, to weaken three percent on Tuesday, to $ 22,832.79, hit by a wave of sales from investors frightened by the emergence of a new strain of coronavirus. Ethereum, another major cryptocurrency, weakened 4.4 percent on Monday, to $ 610.14. This year, investors have invested $ 15.6 billion in cryptocurrency-related products and funds, of which nearly $ 2.5 billion is accounted for by ethereum. “Everyone knows that there are several big players active in the bitcoin and cryptocurrency sector and that small investors and traders associated with them predominate,” says Julius de Kempenaer of StockCharts. "Strong growth (cryptocurrency) in recent times will certainly attract new small investors, but we are already witnessing the involvement of a growing number of institutions," Kempenaer said, according to Hina. for a long time, that restraint could last, "he added. The world's largest cryptocurrency fund, Grayscale, recorded an inflow of $ 250.8 million last week alone, bringing the value of the assets it manages to $ 15.3 billion. Grayscale recorded an inflow of almost The volume of bitcoin trading in traditional financial markets reached a record $ 11 billion on December 17, but declined slightly over the weekend, but remained above the $ 4 billion average on Saturday and Sunday.

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