It has been a turbulent couple of months for the digital asset ecosystem, marred by large losses and high-profile contagion events. In the month of June, all but one product – the 21Shares Short Bitcoin ETP – recorded negative returns. July has seen this trend reverse, however, with all products covered by this report seeing positive 30-day returns.
July Highlights
- Ethereum products have seen gains ranging from 25.9% to 37.8%, whilst Ethereum itself experienced 30-day returns of 13.6% (as of July 26th).
- In July, average daily volumes across all digital asset investment products fell by an average of 44.6% to $122mn. This is the lowest average daily volume recorded since September 2020.
- Bitcoin’s AUM rose 16.9% to $18.6bn in July, however, it fell in market share, currently at 69.9% of total AUM, down from 73.6% in June.