Throughout June, the cryptocurrency market experienced bearish market movements as news surrounding China’s crypto crackdown continued to surface. As a result, Bitcoin and Ethereum have fallen 15.1% & 30.3%MTD respectively.
- Average weekly asset inflows across all major digital asset investment product providers decreased by 215% since May to -$86mn.
- ETFs were the only product structure that saw a net increase in AUM over the past month, with an 8.5% increase to $1.8bn.
- Trading volume has lulled substantially with daily aggregate product volumes falling 63.1% on average to $494.4mn.