CryptoCompare has published the July edition of its Digital Asset Management Review, with interesting data about crypto market volumes.
The report reveals that crypto markets continued to decline in July, to the extent that, for example, since the end of June 2021, the total AUM of all digital asset investment products fell to $34.8 billion, down 14%, while aggregate daily trading volumes fell 35.4% from the previous month across all investment product markets to $319 million.
In March, for example, the aggregate AUM of these products had reached nearly $60 billion.
Notably, average daily volumes for all ETNs/ETFs fell by an average of 50.4%, with 21Shares Polkadot ETN (ADOT) down as much as 71.2%.
Among the top ETNs/ETFs was ETC Group’s BTCE product, which traded the highest daily volume in July at 15.1 million, but down 29.4%, with VanEck’s VBTC in second place at 2.3 million, down 30.2%.
Despite this, average net investment flows have been positive from the beginning of July to date, with bitcoin and Ethereum accounting for the majority of inflows.
In fact, weekly net inflows were positive in July, at +$58.5 million, while they were negative in June, at -$59.5 million. This is still a long way from the +$500m of January and February.
Weekly net inflows into bitcoin-based products in July averaged $16 million, followed by Ethereum with $9.3 million and Polkadot with $2.1 million.
Crypto volumes: bitcoin and Ethereum-related products down
CryptoCompare’s report takes an in-depth look at key developments in the global landscape of digital asset-related investment products, tracking the adoption of these products, and analysing assets under management, trading volumes and price trends.
It reveals that the AUM of bitcoin products fell 13.7% to $25.1 billion in July, but gained market share as it rose from 71.9% in June to 72.1% today.
Ethereum’s AUM also fell, by 15.6% to just $8.0 billion.
In terms of product type, AUM in trust products (such as Grayscale‘s) fell 14.3%, while that of ETCs dropped 16.9%.
Both BTC and ETH-based products recorded losses over the past 30 days, ranging from 0.5% to 6.1% among the top performers. In contrast, Grayscale GDLC and ETCG products posted positive returns in July, of 16.30% and 5.80% respectively.