Digital Asset Management Review

CCData’s Digital Asset Management Review provides an overview of the global digital asset investment product landscape. Our review focuses on key developments across various product types and tracks the adoption of these products by analysing assets under management, trading volumes, price performance and more.

  • August 30, 2023

In August, there has been a noticeable downward trajectory in the overall assets undermanagement (AUM) within digital asset investment products. This decline has been particularly accentuated by recent turbulent conditions in the market, prompted by a substantial decline in BTC's value, which hit a low of $25,375 on August 17th,

Key Findings

  • In August, the digital asset market experienced a notable decline in assets under management (AUM), primarily driven by a sharp drop in BTC's value, which reached a low of $25,345 on August 17th. As of August 25th, the total AUM stood at $29.7bn, marking a decline of 12.7% compared to July. This figure signifies the lowest AUM recorded since February 2023. 
  • The average daily trading volumes of digital asset investment products saw a substantial 17.9% decline in August, amounting to $208mn. This decline marked the second consecutive decrease and represented the lowest average volume since January 2023.
  • Grayscale’s GBTC added $1.17bn to its AUM on the 29th & 30th of August following the verdict announcement, recording a total of $17.4bn AUM, an increase of 7.20%. 
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Digital Asset Management Review

CCData’s Digital Asset Management Review provides an overview of the global digital asset investment product landscape. Our review focuses on key developments across various product types and tracks the adoption of these products by analysing assets under management, trading volumes, price performance and more.

  • August 30, 2023

Report Summary

In August, there has been a noticeable downward trajectory in the overall assets undermanagement (AUM) within digital asset investment products. This decline has been particularly accentuated by recent turbulent conditions in the market, prompted by a substantial decline in BTC's value, which hit a low of $25,375 on August 17th,

Key Findings

  • In August, the digital asset market experienced a notable decline in assets under management (AUM), primarily driven by a sharp drop in BTC's value, which reached a low of $25,345 on August 17th. As of August 25th, the total AUM stood at $29.7bn, marking a decline of 12.7% compared to July. This figure signifies the lowest AUM recorded since February 2023. 
  • The average daily trading volumes of digital asset investment products saw a substantial 17.9% decline in August, amounting to $208mn. This decline marked the second consecutive decrease and represented the lowest average volume since January 2023.
  • Grayscale’s GBTC added $1.17bn to its AUM on the 29th & 30th of August following the verdict announcement, recording a total of $17.4bn AUM, an increase of 7.20%. 
Download report

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