Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020

According to the most recent data from Cryptocompare, crypto investment products’ AUM fell to record lows during June 2022. According to Cryptocompare, the digital asset data company and regulated benchmark administrator, the AUM drop was mainly due to the uncertainties around the future of crypto lending firms like Three Arrows Capital.

The data indicates that crypto exchange-traded fund (ETFs), suffered the largest drop at 52.0% to $1.31 trillion in AUM. Trust products, which account for 80.3% market share, saw a 35.8% drop to $17.3 billion at the end of the month.

ETCs and ETNs fell by 36.7%, 30.6% and respectively $1.34 billion to $1.61 billion. Cryptocompare summarized the findings as follows:

All four product types recorded new records lows, with Trust products recording their lowest AUM since December 2020. ETCs AUM was at its lowest level since October 2020. ETFs and ETNs also recorded their lowest AUMs since April 2021 and January 2021, respectively.

21 Shares and Bucks Trend

The report also notes that 21 Shares Bitcoin Short ETP was the only digital investment product to have a positive 30 day return (31.8%) as at June 23. The ETP’s AUM was $16.5 million as of June 27, which is an unprecedented high for the product.

The report stated that the ETP had risen for three consecutive months and is now one of few products that seems to be taking advantage of current market conditions.

Contrary to 21 Shares, the largest outflows of BTC as well as ETH were recorded by Purpose and Coinshares ETPs during the same period.

‘Purpose Bitcoin Exchange Fund (BTCC) has sold 18,170 BTC, while 3iq Bitcoin ETFs (BTCQ), saw 7,384 BTC leave the fund (as at 24 June).

The AUM of both the Proshares Bitcoin Strategy ETF (BITO) and the NYSE Xchange exhibited drops of 56.7% & 57.1%, respectively, in June. According to the report by digital asset data firm, Proshares Bitcoin Strategy ETF ETF (BITO), the biggest inflow was after the purchase of 7,264 Bitcoin during June.

Data also show that 3iq Coinshares Ethereum ETF (ETHQ) had the largest outflow among all ethereum products in the period, with 26,499 ETH. Purpose Ether ETF, (ETHH), saw an outflow in June of 24,409 Ethereum.

Rate this post

Comments are Disabled