By CNBCTV18.com Jul 23, 2021 3:55:23 PM IST (Updated)
The AUM also dropped 14 percent compared to June as was the aggregate trading volumes that fell by 35.4 percent to $34.8 billion across all investment product markets.
A report by CryptoCompare for the month of July has said there is a decline in trading activities and a drop in the total Assets Under Management (AUM) in the digital asset investment markets. The Bitcoin fell below the $30,000 limit and Ethereum below $2,000.
The AUM also dropped 14 percent compared to June as was the aggregate trading volumes that fell by 35.4 percent to $34.8 billion across all investment product markets. The average daily volumes now stand at $319 million. The trading activity in investment products continued to slow with the average daily volumes of $319 million still down by 35 percent in July when compared to June.
Though there was a decrease in trading activity and a drop in the AUM, the net investments in July turned positive. The net inflows increased to $58.5 million when compared to the net outflow of $59.5 million in the month of June.