Assets under management of crypto investment products hit a record low in June, and the total amount of trust products hit the lowest since December 2020 – Bitcoin News

Assets under management (AUM) for crypto investment products hit an all-time low in June, latest data from Cryptocompare shows. The data also showed that as of June 23, the 21-share short Bitcoin ETP was the only digital investment product to achieve a positive 30-day return (30.8%).

Three Arrows Capital Bankruptcy Factors

The latest data from Cryptocompare shows that the AUM of crypto investment products fell to a new all-time low in June 2022.According to the regulated benchmark administrator and digital asset data firm, the decline in AUM was mainly due to Uncertainty Around the future of crypto lending companies like Three Arrows Capital.

as data Crypto exchange-traded funds (ETFs) fell the most, with AUM dropping 52.0% to $1.31 billion, according to the report. On the other hand, trust products, which account for 80.3% of the market, fell 35.8% to $17.3 billion for the month. Exchange-traded commodities (ETC) and exchange-traded notes (ETN) fell 36.7% and 30.6% to $1.34 billion and $1.61 billion, respectively. Summarizing the findings, Cryptocompare said:

All four product types hit record lows, AUM for trust products was the lowest since December 2020, and AUM for ETC was the lowest since October 2020. ETNs and ETFs followed with their lowest AUMs since January 2021 and April 2021, respectively.

21 Bucks Trends

Meanwhile, the report noted that as of June 23, the 21-share short Bitcoin ETP was the only digital investment product with a positive 30-day return (30.8%). As of June 27, ETP’s AUM stood at $16.5 million, an all-time high for the product. After rising for three straight months, the ETP has become one of the few products that appears to take advantage of current market conditions, the report said.

Compared to 21 shares, the Purpose and Coinshares ETP are in bitcoin and Ethereum during the same period.

“Target Bitcoin ETF (BTCC) sold at 18,170 bitcoin While the 3iq Coinshares Bitcoin ETF (BTCQ) saw 7,384 bitcoin Outflow Funds (as of June 24). Overall, AUM for the two fell 56.7% and 57.1%, respectively, in June. Proshares Bitcoin Strategies ETF (BITO) sees biggest inflows after buying 7,264 bitcoin This month,” the digital asset data firm’s report noted.

The data also showed 26,499 outflows from the 3iq Coinshares Ether ETF (ETHQ) Ethereum, which recorded the largest outflow of Ethereum products during the period. This was followed by the Purpose Ether ETF (ETHH) with 24,409 outflows Ethereum in June.

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Terence Chimwala

Terence Zimwara is an award-winning journalist, author and author from Zimbabwe. He has written extensively about the economic woes of some African countries and how digital currencies can provide an escape route for Africans.

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