Institutional crypto products noticed no money movement for a fifth straight week despite the upward momentum in the market.

August ninth The digital property fund flows weekly reported, institutional asset supervisor CoinShares estimated the complete outflow for the week totaled $ 26 million. However, the report notes that outflows have shrunk in comparison with May and June, when outflows rose to a report $ 141 million per week.

Although BTC was up 17.5% over the previous week, Bitcoin funds have fallen by $ 33 million over the previous week.

CoinShares’ personal BTC product was the largest loser of the interval, with $ 63.3 million in inflows, whereas the world’s largest crypto asset supervisor, Grayscale, remained unchanged. According to the newest August 10 replace from Grayscale, the complete worth of property underneath administration by its fund has rebounded over $ 40 billion for the first time since mid-May.

08/09/21 UPDATE: Net Assets Under Management, Ownership per Share and Market Price per Share for our investment products.

Total property: $ 40.4 billion$ BTC $ BAT $ BCH $ LINK $ MANA $ ETH $ ETC $ FIL $ ZEN $ LTC $ LPT $ XLM $ ZEC $ UNI $ AAVE $ COMP $ CRV $ MKR $ SUSHI $ SNX $ YFI $ UMA $ BNT $ ADA pic.twitter.com/ju95J9n68H

– grayscale (@grayscale) August 9, 2021

That mentioned, Ethereum-based investment products noticed $ 2.8 million in inflows over the week as Ether rallied after a profitable improve in London final week. Ether products at present account for 26% of institutional investments in crypto products.

There have been some minor outflows for a number of altcoin funds, together with XRP, Bitcoin Cash, Cardano, and multi-asset funds – every with money flows between $ 1.1 million and $ 800,000.

CoinShares additionally notes that 37 new crypto funds have been launched thus far in 2021, surpassing the 30 crypto funds launched in 2018:

“We have seen a rapid surge in the number of publicly traded mutual funds / products recently, with a record 37 this year, compared to the previous high of 30 in 2018.”

Following latest market momentum, the mixed property underneath administration (AUM) of all institutional crypto products surpassed the $ 50 billion mark – the highest since mid-May.

Related: Institutes proceed to drop BTC despite price recovery

CoinShares additionally launched its monetary knowledge for the first half of 2021 with complete earnings of $ 81.2 million. With that, CoinShares tripled its efficiency all through 2020 in the first half of this yr.

CoinShares has complete property of $ 3 billion as of June 2021, up 27.6% from the finish of December 2020.