Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020

The latest information from Cryptocompare shows that assets nether absorption (AUM) of crypto concern products reached grounds lows during the period of June. The information besides shows 21 Shares Short Bitcoin ETP arsenic the lone integer concern merchandise that registered a affirmative 30-day instrumentality (30.8%) arsenic of June 23.

Three Arrows Capital Insolvency Factor

The AUM of crypto concern products dropped to grounds lows successful the period of June 2022, the latest information from Cryptocompare has shown. According to the regulated benchmark head and integer plus information firm, this driblet successful the AUM was chiefly caused by the uncertainties surrounding the aboriginal of crypto lending companies similar Three Arrows Capital.

As the data shows, crypto exchange-traded funds (ETFs) had the astir important drop, a 52.0% diminution to $1.31 cardinal successful AUM. On the different hand, spot products which relationship for 80.3% of the marketplace fell by 35.8% finishing the period astatine $17.3 billion. Exchange-traded commodities (ETCs) and exchange-traded notes (ETNs) fell by 36.7% and 30.6% to $1.34 cardinal and $1.61 billion, respectively. Summarizing the findings, Cryptocompare said:

All 4 merchandise types made caller grounds lows with Trust products signaling the lowest AUM since December 2020, portion ETCs AUM reached its lowest since October 2020. ETNs and ETFs followed, signaling their lowest AUM since January 2021 and April 2021 respectively.

21 Shares Bucks Trend

Meanwhile, the study notes that 21 Shares Short Bitcoin ETP is the lone integer concern merchandise that registered a affirmative 30-day instrumentality (30.8%) arsenic of June 23. As of June 27, the ETP had an AUM of $16.5 million, which is an all-time precocious for the product. After rising for 3 consecutive months, this ETP has emerged arsenic 1 of the fewer products that appears to instrumentality vantage of existent marketplace conditions, the study said.

In opposition to the 21 Shares, Purpose and Coinshares ETPs had the largest outflows successful BTC and ETH during the aforesaid period.

“Purpose Bitcoin ETF (BTCC) sold 18,170 BTC portion 3iq Coinshares Bitcoin ETF (BTCQ) saw 7,384 BTC travel retired of the money (as of 24th June). Overall, the 2 registered drops of 56.7% and 57.1% successful AUM successful June, respectively. Proshares Bitcoin Strategy ETF (BITO) saw the largest inflow aft purchasing 7,264 BTC during the month,” the integer plus information firm’s study noted.

The information besides shows that 3iq Coinshares Ether ETF (ETHQ), which had an outflow of 26,499 ETH, recorded the biggest outflow among ethereum products during the period. It was followed by Purpose Ether ETF (ETHH) which saw an outflow of 24,409 ETH successful June.

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