Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares.
Bitcoin remains number one
The Coinshare’s report, released on November 1, revealed that investment into the crypto industry in the preceding week was around $288 million which took the total amount of inflow the space has seen this year to $8.7 billion —a figure that is 30% higher than all what was seen last year.
According to the report, Bitcoin continues to top the chart of crypto assets with the highest institutional inflows. Last week alone, $269 million was invested into the flagship digital asset by institutional investors.
Though this current number pales significantly against what was seen a fortnight ago when investments into BTC was over $1 billion due to the approval of a Bitcoin fu
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