Markets continued to decline throughout July as Bitcoin and Ethereum fell below $30,000 and $2,000 respectively. Assets under management (AUM) also declined 14% compared to the month prior, as did aggregate trading volumes which dwindled by 35.4% across all investment product markets.
- Since June 2021, total AUM across all digital asset investment products has decreased 14.0% to $34.8bn.
- Average daily volumes of all ETNs/ETFs fell by an average of 50.4% in July. 21Shares Polkadot ETN (ADOT) experienced the largest percentage drop in trading volume, down 71.2% to $235,000.
- Aggregate daily volumes across all digital asset investment product types decreased by an average of 35.4% from June to July. Average daily volumes now stand at $319mn.