A new report from the market data aggregator CoinShares shows that cryptocurrency capital inflows have surged at a time when gold capital outflows set a record.
The report released on December 7 pointed out that in the past four weeks, the outflow of gold investment products reached a record 9.2 billion U.S. dollars, while the inflow of Bitcoin investment products reached 1.4 billion U.S. dollars.
In the past two weeks, the inflow of crypto funds has reached a record 429 million U.S. dollars. On December 1, with the launch of the beacon chain and ETH 2.0 completed Phase 0, the Ethereum Fund attracted a large amount of investment.
Although 14% of funds are locked in crypto investment products, 20% ($87 million) of capital flows in the past week have been invested in funds that provide exposure to Ethereum.
The report estimates that the total amount of funds currently managed through encrypted investment products is $14.9 billion, of which gray investment accounts for more than 83%.
CoinShares estimates that Grayscale received more than $336 million in investment last week. ETC Issuance ranked second among cryptocurrency providers, with an inflow of 19 million U.S. dollars, and 21Shares ranked second with an inflow of 13 million U.S. dollars.
Recent price trends show that the proportion of monthly capital inflows in the total asset management scale of the cryptocurrency fund field has soared to the second highest level in history, second only to the surge in capital inflows that occurred before the Bitcoin halving in 2020. The inflow of funds in the past month accounted for approximately 0.4% of the total asset management scale.
Although more than 4.8 billion U.S. dollars inflows into cryptocurrency funds this year, this figure is only 10.5% of the 45.7 billion U.S. dollars inflows into gold investment products this year.
