According to NIKKEI Asia, with the maturity of the cryptocurrency market, Asian family offices are increasingly interested in investing in the cryptocurrency sector. Zann Kwan, the investment director and partner of Revo Digital Family Office, stated that these family offices not only plan to expand their investment in cryptocurrencies, but also previously cautious investors are now actively seeking ways to incorporate them into their portfolios.
Kwan further explained that these family offices’ allocations go beyond traditional cryptocurrencies and include various cryptocurrency funds, structured products, and direct and indirect private equity investments. This diversified strategy aims to reduce overall portfolio risks while increasing actual returns.
The global nature and borderless investment opportunities of the cryptocurrency market have naturally attracted the attention of Asian family offices. With Wall Street giants entering the cryptocurrency market in January this year, the cryptocurrency market has shown astonishing growth. According to the Coinshares Weekly Report, the latest data shows that last week alone, the investment inflow reached a record-breaking $2.45 billion, bringing the total inflow for the year to $5.2 billion.
In this wave of investment, the US market plays an absolute dominant role. It accounted for 99% of the total inflow, reaching $2.4 billion. In addition to the strong growth of the US market, other regions also showed active capital flows. Germany and Switzerland achieved inflows of $13 million and $1 million, respectively.
As the leading cryptocurrency in the market, Bitcoin undoubtedly attracts the most attention from investors. It accounted for over 99% of the investment inflow, with an inflow amount of $5.8 million, even though some investors increased their short positions on Bitcoin. Ethereum also benefited from an inflow of $21 million, demonstrating its continued popularity among investors.
Among other cryptocurrencies, Solana, Avalanche, Chainlink, and Polygon had different dynamics. Solana experienced an outflow of $1.6 million due to a recent outage event affecting market sentiment. In contrast, Avalanche, Chainlink, and Polygon achieved inflows of $1 million, $900,000, and $900,000, respectively.
