Bitcoin and Ethereum fell 23.3% and 36.9% respectively in January (data up to 27th) as the majority of digital assets continued to decline from the all-time highs that were reached in early November.

December Highlights

• Total AUM for all aggregate exchange and OTC-traded products has fallen to $43.9bn, a decrease of 25.1% since December and an even further decline from the high of $74.7bn in October.  Bitcoin products AUM decreased 23.3% (to $29.9bn), while Ethereum saw a larger decline of 29.2% (to $11bn).
• Average daily trading volume fell in line with AUM again in January, falling 14.5% to $481mn. VanEck’s VETH and Grayscale’s ETHE Ethereum products saw the largest decrease, down 38.9% (to $3.91mn) and 34.8% (to $139mn) respectively. 
• January 2022 has been the first month to average weekly outflows since August 2021.  Average weekly outflows reached $88mn with a record $207mn of outflows in the first week of January – the highest outflows since the first week of June ($238mn).