According to Decrypt, data from the asset management company Coinshares shows that Bitcoin and other cryptocurrency funds have just experienced a record week.

Coinshares’ weekly report evaluates its performance with other crypto investment companies (such as Grayscale, 3iQ, and 21Shares) by looking at the funds invested by clients in the fund. In the past week, inflows from all funds tracked by the report reached US$1.3 billion, a record high in a week.

Grayscale is still the leader in cryptocurrency investment products, with more than $26 billion in assets under management. Approximately $21.6 billion of this amount belongs to Grayscale Bitcoin Trust (GBTC), an investment tool that provides Bitcoin exposure for investors who want to avoid the hassle of trading and custody.

Coinshares attributed the inflow of funds last week to Bitcoin’s performance in the past few months; 97% of the $1.3 billion was Bitcoin-related investment products.

But the report also pointed out that investment products and funds account for only a small part of the total Bitcoin transaction volume:

Despite the record inflow of funds, investment products did not test the liquidity of Bitcoin, and investment products accounted for only 6.5% of the total Bitcoin transaction volume. So far, this year’s Bitcoin transaction volume is much higher than last year, with an average daily transaction volume of 12.3 billion U.S. dollars, compared to 2.2 billion U.S. dollars in 2020.

Part of the reason why more people choose to trade Bitcoin this year has to do with the price of Bitcoin. Earlier this month, the price of Bitcoin hit an all-time high of 41,000 U.S. dollars, and now it has fallen to about 31,000 U.S. dollars. In the same period last year, the value of a Bitcoin was about 8,000 U.S. dollars.

Author/ Translator: Tae Kon Jung