Report: Digital AUM Surged to $48.7 Billion in March, Average Weekly Flows Turn Negative

The complete mixture digital property underneath administration (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the newest knowledge from Crypto Compare has proven. In distinction, the common each day buying and selling volumes fell by 29.6% to $259 million throughout this era.

BTC and ETH Products Lag Behind

According to the newest knowledge from Crypto Compare (CC), the entire mixture digital property underneath administration (AUM) topped $48.7 billion in March 2022. This newest AUM quantity represents a rise of $4.8 billion, or 11.1%, from the $43.9 billion recorded in January, the information exhibits.

In its report, Crypto Compare additionally famous the surge within the complete mixture AUM had coincided with a interval when bitcoin and ethereum-backed merchandise had lagged behind. The report explains:

Interestingly, Bitcoin and Ethereum backed merchandise lagged behind others and basket, which noticed the biggest relative improve of 17.5% to $1.81bn and 9.46% to $773mn respectively. Meanwhile BTC and ETH based mostly ETPs [exchange-traded products] rose solely 7.7% (to $33.6bn), and 9.1% (to $12.6bn) respectively.

Further breaking down the information, Crypto Compare additionally mentioned it had seen a change from earlier months “with ETFs [exchange-traded funds] seeing the biggest acquire of 14.3% to $3.39bn (6.95% of complete AUM).”

Negative Average Weekly Inflows

In phrases of the common web weekly inflows noticed in March, Crypto Compare, which is a Financial Conduct Authority (FCA) licensed benchmark administrator, mentioned these had “turned unfavorable once more” in March. In this era, common web weekly inflows have been averaging $9.9 million.

“Ethereum merchandise noticed the biggest decline in weekly flows, averaging an outflow of $14.2mn per week. This was adopted by bitcoin merchandise, which noticed common weekly outflows of $2.5mn. The multi-asset based mostly merchandise noticed the biggest weekly influx throughout March with $7.0mn,” the report mentioned.

Meanwhile, based on CC’s newest digital asset administration assessment, throughout this era the common each day mixture buying and selling quantity went down by 29.6% to $259 million. This drop, based on CC, was the “fifth consecutive month wherein buying and selling volumes failed to interrupt this pattern.”

Contributing to the numerous lower within the common each day mixture buying and selling quantity was 3iq’s Ethereum Product (QETH), which fell 61.1% to $892K. Coinshares’ Physical Bitcoin Product (BITC) had a decline of 77.2% — translating to $469K — whereas XBT Provider’s Ether Tracker Euro (ETH/EUR) had greatest margin drop in exchange-traded commodities (ETCs) after it fell 44.5% to $3.19 million in March, the CC report mentioned.

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