Cryptocurrency asset director Invictus Majuscule saw significant growth in assets nether management during the kickoff quarter, highlighting the rapid uptake of digital avails among institutional investors.

Avails under management surged by 50% to $112 million in the quarter ending March 31, Invictus disclosed Thursday. The visitor's Crypto20 index fund, a tokenized fund of the top-xx cryptocurrencies, registered 221% growth.

"Our Q1 report speaks volumes almost the cryptocurrency market'southward ongoing boom and the lucrative opportunity that structured crypto funds offer," CEO Daniel Schwartzkopff said, adding:

"We come across the almost recent bull cycle—which coincides with greater institutional adoption—as a critical juncture in Bitcoin'due south relatively short history and a bespeak that the broad adoption of cryptocurrencies equally a global store-of-value is becoming a certainty for the medium term, with digital avails offer many improvements over assets that accept traditionally filled the function, such as golden."

Invictus Uppercase's growth mirrored a tremendous bull bike for the cryptocurrency market during the first quarter, equally the full market capitalization of digital avails rose 134% to over $i.86 trillion, according to Coingecko information. The market is charting new all-time highs on Thursday, with total assets collectively valued at $2.46 trillion.

Institutional adoption of crypto-avails is likewise on the rise, with the latest weekly inflows report from CoinShares showing significant growth beyond Bitcoin (BTC), Ethereum (ETH) and smaller cap altcoins. Institutions now hold nearly $65 billion in assets nether management, according to the calculations.

Grayscale remains by far the largest institutional manager of crypto funds. On Wednesday, the company reported a total of $49.viii billion in assets across its family of products.