Share this article
Investors Pour Money Into Crypto Investments for 4th Straight Month
Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare.
Updated Mar 31, 2023, 5:15 p.m. Published Mar 31, 2023, 4:49 p.m.
The amount invested in digital-asset products climbed for a fourth straight month in March as cryptocurrency prices continued to soar, according to data from CryptoCompare.
Assets under management increased to $13.4 billion, up 10.9% from February and up 60% from November, when the total sank to its lowest level of 2022 amid crypto exchange FTX’s collapse.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Investments in bitcoin-based products rose 14% to $22.7 billion, while ether-related ones increased 6.25% to $7.22 billion. Bitcoin’s (BTC) share of overall investment hit 72%, reaching a nine-month high in mid-March. Crypto-related products labeled “other” saw assets decrease 13.3% to $1 billion, taking their market share down to 3.2%.
“The increase in bitcoin market share was consistent with the surge in bitcoin dominance and the shift away from altcoins that investors have been making in response to the recent market turbulence,” the report stated.
CI Galaxy, a firm that manages funds that invest in cryptocurrencies, recorded the highest increase in assets for the second consecutive month, rising 20.3% to $553 million, followed by ProShares, which saw a 19.1% increase to $1.08 billion.
Grayscale Investments remained the dominant player, recording a total of $23.6 billion, a 13.2% increase compared to February. Grayscale is owned by CoinDesk’s parent company, Digital Currency Group.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin dips, but quickly recovers as U.S. captures Venezuela's Maduro
The U.S. overnight launched a military strike against Venezuela, capturing President Nicolas Maduro and his wife and extracting them from the country.
What to know:
- The U.S. captured Venezuelan President Nicolas Maduro and his wife after a brief military operation Saturday morning, according to President Trump.
- Crypto prices suffered a brief, modest drop on the first reports of the military action, but have since recovered.
Top Stories
