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Digital asset investment products have surpassed $100 billion in assets under management (AUM) for the first time in history.
Global crypto funds have seen record inflows in recent weeks, which combined with recent price increases in the market have led to the AUM record being surpassed $100 billion.
In addition, global crypto funds also broke the yearly inflow record of 2021 in less than three months of 2024, with the majority of this coming from US BTC ETF funds.
Here are some additional details about this milestone:
The previous record for AUM in digital asset investment products was $97 billion, set in November 2021.
The majority of the inflows into digital asset investment products in 2024 have come from institutional investors.
The most popular digital asset investment products are Bitcoin (BTC) and Ethereum (ETH) funds.
The growth of digital asset investment products is a sign of the increasing mainstream acceptance of cryptocurrencies.
This is a significant milestone for the cryptocurrency industry and it is likely that AUM will continue to grow in the years to come.
The Fear & Greed Index has exceeded 89/100
🔥Note 💥 The market in the coming days will have a sharp correction.
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