The latest data from Cryptocompare shows that assets under management (AUM) for crypto investment products reached a record low during June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product to record a positive 30-day return (30.8%) as of June 23.
Three Arrows Capital Insolvency Factor
AUM for crypto investment products fell to a record low in the month of June 2022, the latest data from Cryptocompare shows. According to the regulated benchmark manager and digital asset data firm, this decline in AUM was largely driven by uncertainty surrounding the future of crypto lenders like Three Arrows Capital.
Asdatashows, crypto exchange-traded funds (ETFs) saw the biggest drop, down 52.0% to $1.31 billion in AUM. Meanwhile, trust products, which account for 80.3% of the market, ended the month down 35.8% to $17.3 billion. Exchange-traded commodities (ETCs) and exchange-traded notes (ETNs) fell 36.7% and 30.6%, respectively, to $1.34 billion and $1.61 billion. Summarizing the survey results, Cryptocompare stated.
All four product types hit record lows, with trust products recording their lowest AUM since December 2020 and ETC AUM at its lowest since October 2020 ETNs and ETFs followed, recording their lowest AUM since January 2021 and April 2021, respectively The following is a list of the most important factors.
21 Shares Buck Trend
Meanwhile, the 21 Shares Short Bitcoin ETP was the only digital investment product to report a positive 30-day return (30.8%) as of June 23; as of June 27, the ETP’s AUM was $16.5 million, a record high for the product; after three consecutive months of gains, the ETP has emerged as one of the few products that appears to be taking advantage of current market conditions, the report said.
In contrast to 21 Shares, the Purpose and Coinshares ETPs saw the largest outflows inBTC
andETHoutflows during the same period.
“Purpose Bitcoin ETF (BTCC)” sold 18,170
BTC and “3iq Coinshares Bitcoin ETF (BTCQ)” spilled 7,384BTC(as of June 24). Overall, AUM and BTCQ saw declines of 56.7% and 57.1%, respectively, in June. The ProShares Bitcoin Strategy ETF (BITO) was the largest inflow with 7,264purchased. A report from the Digital Asset Data Company noted that “7,264BTC were purchased during the month.”
The data also showed that the 3iq Coinshares Ether ETF (ETHQ) saw an outflow of 26,499 ETH, while the 3iq Coinshares ETF (ETHQ) saw an outflow of 3,599BTC. Among Ethereum products, 3iq Coinshares Ether ETF (ETHQ) had the largest outflow during the period with 26,499ETHoutflows. Next was the Purpose Ether ETF (ETHH) with an outflow of 24,409ETHin June; in June, ETH
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