Bitcoin ETF Race Boosts Crypto Investment Products to $33.4 Billion AUM in June

Cryptoglobe
Cryptoglobe

29 Jun 2023 4:52 AM

Digital asset investment products have seen their total assets under management surge 9.05% over June to reach $33.4 billion, after rising around 69.5% year-to-date. Products offering exposure to Bitcoin saw a notable 12.4% rise in assets under management to $24.4 billion....

  • Total assets under management for digital asset investment products increased by 9.05% in June, reaching $33.4 billion.
  • Bitcoin-focused investment products saw a notable rise of 12.4% in assets under management, totaling $24.4 billion.
  • Ethereum-based products experienced a 2.68% increase in assets under management, capturing a 23.1% market share.
  • Grayscale's Bitcoin Trust (GBTC) dominated the trust products market with a 74% share, while Grayscale's Ethereum Trust (ETHE) saw a decline in volume and market share.
  • 3iQ CoinShares recorded a significant rise of 91% in assets under management, reaching $150 million.
  • ProShares also experienced a 12.3% increase in assets under management, totaling $1.12 billion.
  • Several financial giants, including BlackRock, Fidelity, JP Morgan, and Goldman Sachs, are actively working to provide access to Bitcoin and more.
  • Institutional interest in crypto has been growing, with the ProShares Bitcoin Strategy ETF (BITO) seeing a significant uptick in capital inflows.

The sentiment towards digital asset investment products, particularly Bitcoin, is positive and has been boosted by the ongoing race to list a spot Bitcoin exchange-traded fund (ETF). Institutional interest in crypto is growing, with financial giants actively working to provide access to Bitcoin and other cryptocurrencies.

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How much did total assets under management for digital asset investment products increase in June?What percentage of the market share do Bitcoin-focused investment products currently hold?Which trust product dominates the market with a 74% share?Which financial powerhouses are actively working to provide access to Bitcoin and more?What is the fee for the ProShares Bitcoin Strategy ETF and how much has it gained since the beginning of 2023?

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