The total amount of funds flowing into institutional crypto products for the week ended March 20 was US$99 million.
According to report, CoinShares said that the demand from US institutional investors has declined slightly, but European funds are still buying.

The data shows that institutional demand has fallen sharply, and capital inflows have decreased by 59% from the US$242 million in the previous week. However, the researchers pointed out that the assets under management of top institutional investment products reached a record 57 billion U.S. dollars.

The report also pointed out that although demand in the United States has declined, institutions in Europe and Canada continued to buy last week. With the massive inflow of funds into Ethereum in February, institutions seem to be setting their sights on Bitcoin again. Last week, US$85 million entered the Bitcoin fund. In contrast, products based on Ethereum only received US$8 million.

Grayscale is still the market leader in institutional investment. According to Grayscale's tweet released on March 23, its total assets under management are US$44.2 billion. Of these, 84% invested in Grayscale Bitcoin Trust Fund.

CoinShares' own fund ranked second in terms of asset management scale, with a scale of just under 5 billion U.S. dollars. It was the only institutional crypto fund that experienced capital outflows this week, with an outflow of 25.9 million U.S. dollars.
Axact

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