In February, the price of Bitcoin and Ethereum rose by 1.5% and 5.7%, respectively (data up to 24th February), a trend reversal from a multi-month decline that has seen the majority of cryptocurrencies fall from their November highs.
February Highlights
- Total assets under management rose for the first time in 4 months, increasing 2.3% to $44.9bn. However, this is still 39.8% below the all-time high that was reached in October.
- The increase in AUM was consistent across all product types, with exchange-traded certificates rising the most, up 17.0% month-on-month, to $3.6bn.
- Average weekly net inflows finally reversed their downward trend as they turned positive, averaging $89.9mn in February. Prior to this, weekly net inflows had been in constant decline since reaching an all-time high in October.