Crypto Investment Products AUM at Record Highs in June, Trusted Products Get Lowest Total Since December 2020 Cryptocurrency

Crypto Investment Products AUM at Record Highs in June, Trusted Products Get Lowest Total Since December 2020 Cryptocurrency

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The latest data from Cryptocompare shows that assets under management (AUM) for crypto investment products reached record highs during the month of June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product that recorded a positive 30-day return (30.8%) as of June 23.

Three-arrow capital insolvency factor

The AUM of crypto investment products fell to record lows in the month of June 2022, according to the latest data from Cryptocompare. According to regulated benchmark administrator and digital asset data firm, this drop in AUM was primarily caused by uncertainties surrounding the future of crypto lending companies like Three Arrows Capital.

As the data shows, crypto exchange-traded funds (ETFs) saw the largest decline, down 52.0% to $1.31 billion in AUM. On the other hand, trust products which represent 80.3% of the market fell by 35.8% ending the month at 17.3 billion dollars. Exchange-traded commodities (ETCs) and exchange-traded notes (ETNs) fell 36.7% and 30.6% to $1.34 billion and $1.61 billion, respectively. Summarizing the results, Cryptocompare said:

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All four product types hit new records with Trust products recording the lowest AUM since December 2020, while ETC AUM hit its lowest since October 2020. ETNs and ETFs followed, recording their lowest AUM since January 2021 and April 2021 respectively.

21 shares the dollar trend

Meanwhile, the report notes that 21 Shares Short Bitcoin ETP is the only digital investment product that recorded a positive 30-day return (30.8%) as of June 23. As of June 27, the ETP had an AUM of $16.5 million, which is an all-time high for the product. After rising for three consecutive months, this ETP has become one of the few products that appears to be benefiting from current market conditions, according to the report.

Unlike the 21 stocks, Purpose ETPs and Coinshares saw the largest outflows in BTC and ETH over the same period.

“Purpose Bitcoin ETF (BTCC) sold 18,170 BTC while 3iq Coinshares Bitcoin ETF (BTCQ) saw 7,384 BTC exit the fund (as of June 24). Overall, the two saw declines of 56.7% and 57.1% in assets under management in June, respectively. Proshares Bitcoin Strategy ETF (BITO) saw the largest inflow after buying 7,264 BTC during the month,” the report from the digital asset data firm noted.

The data also shows that 3iq Coinshares Ether ETF (ETHQ), which saw an outflow of 26,499 ETH, saw the largest outflow among Ethereum products during the period. It was followed by Purpose Ether ETF (ETHH) which recorded an outflow of 24,409 ETH in June.

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Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic issues of some African countries as well as how digital currencies can provide an escape route for Africans.

Image credits: Shutterstock, Pixabay, Wiki Commons

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