In April, the price of Bitcoin and Ethereum fell by 16.3% and 14.4% respectively (data up to 27th April), a reversal following two months of positive returns for the two largest cryptocurrencies.
- Investors flooded out of crypto investment products in April, with average weekly outflows totaling $79.5mn. The largest recorded weekly outflow was the week ending April 8th with a total of $134mn leaving crypto-products. During this period, $132mn left Bitcoin products alone. April has seen the largest average weekly outflows in 2022 so far.
- Average daily trading volumes in April fell 16.3% to $244mn, recording six consecutive months of declining trading volumes. In total, volumes have fallen 71.0% since October 2021 ($841mn) and 83.8% since the all-time high reached in January 2021 ($1.51tn).
- Total aggregate AUM across digital asset investment products fell marginally by 1.34% to $48.1bn from the end of March to the 27th of April. AUM has remained relatively stable so far this year – with March seeing the highest month-end AUM at $48.7bn. AUM reached a low of $43.9bn in January, a 10.0% difference.