With the lowest total for trust products since December 2020, AUM of cryptocurrency investment products reached record lows in June. The assets under management (AUM) of cryptocurrency investment products reached an all-time low in June, according to the most recent statistics from Cryptocompare. The data also reveals that the only digital investment product to have had a 30-day return through June 23 (30.8 percent) is the 21Shares Bitcoin ETF. The AUM of cryptocurrency investment products reached an all-time low in June 2022, according to the most recent statistics from Cryptocompare.
According to the regulated benchmark manager and digital asset data firm, the decline in AUM is due to uncertainty about the future of crypto money lenders such as Three Arrows Capital. Crypto exchange-traded funds (ETFs) showed the biggest decline, with AUM down 52.0 per cent to $1.31 billion, the data showed. On the other hand, reliable products, which account for 80.3 per cent of the market, fell 35.8 per cent to $17.3 billion. Exchange-traded commodities (ETCs) and exchange-traded notes (ETNs) fell 36.7 per cent and 30.6 per cent to $1.34 billion and $1.61 billion, respectively. Meanwhile, the 21Shares Bitcoin ETF was the only digital investment product to post a positive 30-day return (30.8 per cent) through June 23. As of June 27, the ETP had $16.5 million in AUM, the highest for the product. After three consecutive months of gains, ETP is one of the few products taking advantage of current market conditions, the report said.
ETP Target and Coinshares had the largest outflows of BTC and ETH during the same period: 21 shares vs.Target 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, both recorded AUM declines of 56.7% and 57.1% in June, respectively. Proshares Bitcoin Strategy ETF (BITO) had the most inflows after buying 7,264 Bitcoins during the month. According to the data, the 3iq Coinshares Ethereum ETF (ETHQ) recorded the largest outflow among Ethereum products during the period, with an outflow of 26,499 Ethereum. This was followed by the Ethereum Target ETF (ETHH), which saw an outflow of 24,409 Ethereum in June.