The total assets under management across digital asset investment products have increased to $58.7 billion while trading volumes and institutional flows slowed significantly.
CryptoCompare’s latest Digital Asset Management Review details that, since the end of February, the total assets under management of digital asset investment products rose 8.76% but average weekly asset inflows across all major product providers plunged by 70.5% to $149.6 million.
Similarly, the aggregated daily trading volumes across all digital asset investment products decreased by an average of 17.6% this month, with average daily volumes now standing at $772 million. In February, the average daily trading volume was $936 million.
MVIS’s MVDA Index, a market cap-weighted index that tracks the performance of a basket of the 100 largest cryptoassets by market capitalization, moved up 23.29% over the last 30 days. It outperformed every digital asset investment product except for 21Shares’ BNB Tracker, which moved up 34.7%.
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Source: https://www.cryptocompare.com/email-updates/daily/2021/mar/26/
