• CryptoCompare has released its monthly Digital Asset Management Review, which provides an overview of the global digital asset investment product landscape.
• The total AUM for digital asset investment products reached a new high of $28.3 billion in February, representing a 5.25% increase from January.
• BTC-based and ETH-based products experienced increased assets under management (AUM) during February, with BTC-based products seeing a 6.06% increase and ETH-based products seeing a 1.72% increase.
Record-high Digital Asset Investments in February 2023
The global digital asset investment product landscape saw record high investments in February 2023, according to CryptoCompare’s Monthly Digital Asset Management Review. Total Assets Under Management (AUM) for digital asset investment products reached a new high of $28.3 billion, representing a 5.25% increase from January.
BTC & ETH Assets Under Management
BTC-based products saw a rise of 6.06%, bringing the total AUM to $20.0 billion, while ETH-based products saw a 1.72% increase, bringing the total AUM to $6.80 billion; resulting in both BTC and ETH holding 70.5% and 24%, respectively, of the market share for AUM by product type..
Highest Increase in Assets Under Management
CI Galaxy had the highest increase in assets under management (AUM), with a 37.7% rise to $460 million; followed closely by 21Shares that experienced a 33..4% increase to $1 .38 billion . Despite these gains , Grayscale continued to hold the dominant position with its products accounting for 53 % of the total AUM market share .
CryptoCompare used various sources such as Financial Times , 21Shares , Coinshares , XBT Provider , Grayscale , OTC Markets , HanETF , Yahoo Finance , 3iQ , Purpose , VanEck , ByteTree , Nordic Growth Market, Bloomberg and CryptoCompare itself to track adoption of digital asset products . They analyzed assets under management, trading volumes and price performance .
Digital asset investments continue their upward trend with investors showing bullish sentiment towards cryptocurrency due to its increasing popularity combined with rising demand for alternative investments that are not correlated to traditional markets .