Ethereum AUM Nearly Halved In June

According to a report published recently by crypto analytics firm CryptoCompare, Ethereum’s assets under management (AUM) fell 46.7% in June to $4.54 billion.
Ethereum AUM Nearly Halved In June
Source: cryptocompare.com

By comparison, Bitcoin’s AUM has dropped by about 33.6% over the same time period.

Ethereum recently recorded its worst quarter ever, plummeting 67% since April. On June 18, the price of the second largest cryptocurrency dropped to as low as $881. Meanwhile, Bitcoin recorded its worst quarter since 2011, with its value dropping more than 68%.

Grayscale, the world’s largest crypto asset manager, accounts for over 77% of all AUMs.

Ethereum AUM Nearly Halved In June
Ethereum AUM Nearly Halved In June 4

Overall, the weekly net cash flow recorded a new record high average of $188 million, which shows that institutional investors have been fed up with the cryptocurrency due to the rapidly falling price.

The ETF-linked AUM fell more than 52% last month due to worsening market conditions. Meanwhile, Bitcoin short products benefited from the crypto carnage, averaging $33.2 million more per week.

Ethereum AUM Nearly Halved In June
Ethereum AUM Nearly Halved In June 5

Trading volume on crypto investment products fell 7.16% last month. Grayscale Bitcoin Trust (GBTC), as expected, is the most traded fund, recording an average daily volume of $125 million. In fact, GBTC’s trading activity has grown by more than 18% in the last month. On the other hand, Grayscale’s Ethereum trust recorded a 25% drop in trading volume, failing to keep up with the trend.

While the overall drop was relatively modest, digital investment products still recorded their lowest trading volume since November 2020.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Ethereum AUM Nearly Halved In June

According to a report published recently by crypto analytics firm CryptoCompare, Ethereum’s assets under management (AUM) fell 46.7% in June to $4.54 billion.
Ethereum AUM Nearly Halved In June
Source: cryptocompare.com

By comparison, Bitcoin’s AUM has dropped by about 33.6% over the same time period.

Ethereum recently recorded its worst quarter ever, plummeting 67% since April. On June 18, the price of the second largest cryptocurrency dropped to as low as $881. Meanwhile, Bitcoin recorded its worst quarter since 2011, with its value dropping more than 68%.

Grayscale, the world’s largest crypto asset manager, accounts for over 77% of all AUMs.

Ethereum AUM Nearly Halved In June
Ethereum AUM Nearly Halved In June 9

Overall, the weekly net cash flow recorded a new record high average of $188 million, which shows that institutional investors have been fed up with the cryptocurrency due to the rapidly falling price.

The ETF-linked AUM fell more than 52% last month due to worsening market conditions. Meanwhile, Bitcoin short products benefited from the crypto carnage, averaging $33.2 million more per week.

Ethereum AUM Nearly Halved In June
Ethereum AUM Nearly Halved In June 10

Trading volume on crypto investment products fell 7.16% last month. Grayscale Bitcoin Trust (GBTC), as expected, is the most traded fund, recording an average daily volume of $125 million. In fact, GBTC’s trading activity has grown by more than 18% in the last month. On the other hand, Grayscale’s Ethereum trust recorded a 25% drop in trading volume, failing to keep up with the trend.

While the overall drop was relatively modest, digital investment products still recorded their lowest trading volume since November 2020.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News