Investor Continue Losing Interest on Crypto products in July, Report says


Depressed sentiment continues to override amid investors and the crypto market. A monthly report shows that data of assets under management (AUM) declined 14% compared to the previous month, according to the CryptoCompare report. Meanwhile, the total trading volumes plummeted by 35.4% across all digital-asset investment product markets.

In the July edition of the Digital Asset Management Review released by CryptoCompare Thursday, the report highlights the decline of the total AUM sank by 14.0% to $34.8 billion in the digital asset investment sector, compared to last month.

monthly aum.PNG

image source: CryptoCompare

In terms of company and product, Grayscale’s products continue to dominate the majority of AUM, “occupying more than 80% at $27.9 billion, followed by XBT Provider, taking 7.8% at $2.7 billion and 21Shares weighting for 2.7% of the total with$949 million,” according to the report.

aum by company.PNG

 

image source: CryptoCompare

Meanwhile, the aggregate daily volumes across all digital asset investment products types dropped by an average of 35.4% from June to July. The average daily volumes now stand at $319 million.

Yet, the average weekly inflows improved and returned to a positive net inflow of $58.5 million in July, in comparison to net outflows of $59.5 million last month.

average weekly inflow.PNG

 

image source: CryptoCompare

The crypto market has lasted a low volatility period for serval weeks. Bitcoin fell below the $30,000 support level recently. Bitcoin price analysis, insight and prediction….”>Bitcoin price was rebound after stimulated by comments from the CEO of Tesla, Elon Musk, concerning the possibility of  Bitcoin payment for Tesla.

Bitcoin was trading at $32,636 at 11:15 a.m in Hong Kong, up by 1.89%. The highest point of BTC reached to $32,787 level in 24 hours, according to Datamish.

Image source: Shutterstock



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