AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020 – Bitcoin News

Cryptocompare’s latest data shows that crypto investment product assets under management (AUM), reached record lows in June. Data also show 21 Shares Short Bitcoin EP as the sole digital investment product with a positive 30 day return (33.8%), as of June 23.

Three Arrows Capital Incsolvency Factor

Cryptocompare’s latest data shows that the AUM for crypto investment products fell to new records in June 2022. The uncertainty surrounding crypto lending companies such as Three Arrows Capital, according to Cryptocompare (a regulated benchmark administrator) and the digital asset data company, led to this decrease in AUM.

The data shows that crypto-exchange-traded funds, also known as ETFs, suffered the largest drop at 52.0% to $1.31 trillion in AUM. However, the market’s 80.3% share fell by 35.8% to $17.3 million. ETCs and ETNs, which are exchange-traded commodities (ETCs), fell 36.7% to $1.34 billion and 30.6% respectively. Cryptocompare summarised the findings as:

Each of the four types of products saw new records, with Trust Products recording their lowest AUM since Dec 2020. ETCs’ AUM was at its lowest level since Oct 2020. Following suit, ETFs and ETNs recorded their lowest AUMs since April 2021 and January 2021 respectively.

21 Shares Bucks trend

The report also notes that the 21 Shares Bitcoin Short ETP was the only digital investment product to have a positive 30 day return (31.8% as of June 23). The ETP’s AUM was $16.5million as of June 27. This is an unprecedented high. The ETP’s AUM has increased for three months consecutively, indicating that it is one of few products to be able to profit from current market conditions.

Contrary to 21 Shares ETPs, Purpose ETPs and Coinshares ETPs saw the highest outflows of BTC and ETH in the same time period.

“Purpose Bitcoin ETF (BTCC) sold 18,170 BTC while 3iq Coinshares Bitcoin ETF (BTCQ) saw 7,384 BTC flow out of the fund (as of 24th June). Both funds saw a drop of 56.7% in AUM and 57.1% respectively in June. Proshares Bitcoin Strategy ETF (BITO) saw the largest inflow after purchasing 7,264 BTC during the month,” the digital asset data firm’s report noted.

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

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Terence Zimwara

Terence Zimwara, a Zimbabwean journalist, writer and author who has been awarded the Zimbabwe Booker Prize. His writings have covered the economic problems of several African countries and how digital currency can offer an escape route.