Institutions Buy! Record $9.3 billion in cryptocurrency inflows in 2021

The report also showed that Grayscale remains the largest single cryptocurrency asset manager in the world, with $43.5 billion under management.

Despite the volatility of cryptocurrencies last year, the asset class is starting to make its way to fund managers, with an increasing number of large institutional investors choosing to invest in it. The past year has included the world's first bitcoin ETF, the Purpose Bitcoin ETF (TSX:BTCC), and the first U.S. bitcoin futures ETF, the ProShares Bitcoin Strategy ETF ( NYSE:BITO) were both approved for listing, providing investors with an additional way to invest in cryptocurrencies.