Report: Digital AUM Surged to $48.7 Billion in March, Average Weekly Flows Turn Negative

The full aggregate integer assets nether absorption (AUM) surged to $48.7 cardinal successful March, up from the $43.9 cardinal that was recorded successful January, the latest information from Crypto Compare has shown. In contrast, the mean regular trading volumes fell by 29.6% to $259 cardinal during this period.

BTC and ETH Products Lag Behind

According to the latest information from Crypto Compare (CC), the full aggregate integer assets nether absorption (AUM) topped $48.7 cardinal successful March 2022. This latest AUM fig represents an summation of $4.8 billion, oregon 11.1%, from the $43.9 cardinal recorded successful January, the information shows.

In its report, Crypto Compare besides noted the surge successful the full aggregate AUM had coincided with a play erstwhile bitcoin and ethereum-backed products had lagged behind. The study explains:

Interestingly, Bitcoin and Ethereum backed products lagged down others and basket, which saw the largest comparative summation of 17.5% to $1.81bn and 9.46% to $773mn respectively. Meanwhile BTC and ETH based ETPs [exchange-traded products] roseate lone 7.7% (to $33.6bn), and 9.1% (to $12.6bn) respectively.

Further breaking down the data, Crypto Compare besides said it had seen a alteration from erstwhile months “with ETFs [exchange-traded funds] seeing the largest summation of 14.3% to $3.39bn (6.95% of full AUM).”

Negative Average Weekly Inflows

In presumption of the mean nett play inflows observed successful March, Crypto Compare, which is simply a Financial Conduct Authority (FCA) authorized benchmark administrator, said these had “turned antagonistic again” successful March. In this period, mean nett play inflows were averaging $9.9 million.

“Ethereum products saw the largest diminution successful play flows, averaging an outflow of $14.2mn per week. This was followed by bitcoin products, which saw mean play outflows of $2.5mn. The multi-asset based products saw the largest play inflow during March with $7.0mn,” the study said.

Meanwhile, according to CC’s latest integer plus absorption review, during this play the mean regular aggregate trading measurement went down by 29.6% to $259 million. This drop, according to CC, was the “fifth consecutive period successful which trading volumes failed to interruption this trend.”

Contributing to the important alteration successful the mean regular aggregate trading measurement was 3iq’s Ethereum Product (QETH), which fell 61.1% to $892K. Coinshares’ Physical Bitcoin Product (BITC) had a diminution of 77.2% — translating to $469K — portion XBT Provider’s Ether Tracker Euro (ETH/EUR) had biggest borderline driblet successful exchange-traded commodities (ETCs) aft it fell 44.5% to $3.19 cardinal successful March, the CC study said.

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