Digital Asset Management Review - June 2022

Report Summary

In June, the price of Bitcoin and Ethereum fell by 34.8% and 38.6% respectively (data up to 27th), a large decline that was driven by the uncertainties surrounding the possible insolvency of crypto lending companies, including the crypto native fund, Three Arrows Capital.

June Highlights

  • Crypto investment products AUM reached record lows in June, with the AUM of all major crypto investment product types falling sharply. ETFs experienced the largest drop, declining 52.0% to $1.31bn.
  • Weekly outflows for Bitcoin-based products averaged an all-time high record of $161mn in June, while Ethereum experienced significant average outflows of $33.2mn per week.
  • In June, all digital investment products saw a decline in AUM, except for 21Shares Short Bitcoin ETP (SBTC). The product, designed to provide inverse exposure to Bitcoin’s performance, recorded a 1.30% rise in AUM from May.
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