Ethereums AUM Nearly Halved in June: Report - BitcoinEthereumNews.com
Alex Dovbnya These numbers prove that Ethereum had terrible month (together with rest of crypto market) Ayon sa isang ulat recently published by cryptocurrency analytics firm CryptoCompare, Ethereum investment products assets under management collapsed 46.7% in June to $4.54 billion. Imahe sa pamamagitan ng cryptocompare.com For comparison, Bitcoins AUM shrunk by roughly 33.6% over the same period of time. Ethereum recently recorded its worst quarter ever, plunging by a whopping 67% since April. On June 18, the price of the second-largest cryptocurrency collapsed to as low as $881. Meanwhile, Bitcoin logged its worst quarter since 2011, with its value declining by more than 68%. Grayscale, the worlds largest crypto asset manager, accounts for more than 77% of the total AUM. Overall, weekly net outflows logged a new record high average of a whopping $188 million, which shows that institutional investors soured on crypto due to rapidly falling prices. ETF-linked AUM plunged by more than 52% last month due to worsening market conditions. Meanwhile, short Bitcoin products benefited from the crypto carnage, adding $33.2 million on average per week. Trading volumes remain relatively steady In the meantime, trading volume across cryptocurrency investment products fell by 7.16% last month. Grayscale Bitcoin Trust (GBTC) was, as expected, the most traded one, recording $125 million