Trading Volumes

Aggregate daily volumes across all digital asset investment product types increased by an average of 46.6% from July to August. Average daily volumes now stand at $544mn.

Average daily volume for GBTC and Grayscale’s ETHE stood at $240mm (up 17.4%) and $193.3mn (up 105.9%) respectively. All trust product volume rose by an average of 45.3%. to a total of $469mn.

Volume in Grayscale’s Digital Large Cap product (GDLC) also increased by a staggering 117.4% in July to $6.0mn, the largest increase in any trust product for the same period.

AUM – Assets Under Management

Since July 2021, total AUM across all digital asset investment products has increased 57.3% to $54.8bn (as of 24 Aug). 

While Bitcoin’s AUM increased 51.9% to $38.1bn, it lost market share (now 69.6% of total AUM vs. 72.1% last month) as other assets saw greater increases. Ethereum’s AUM rose 72.8% to $13.8bn while Baskets increased 67.6% to $2.3bn.

ETNs and ETFs saw large increases of 91.4% and 79.1% respectively, to $3.4bn and $2.9bn of AUM. As a result, these products saw their market share increase to 6.3% and 5.3% respectively.

Price Performance

Both BTC-based and ETH-based products experienced significant gains over the last 30 days, ranging from 36% to 67% for ETH products and 28% to 57% for BTC products.

Grayscale’s GDLC basket product experienced the highest positive returns of 108% over the same period amongst the largest products by volume, while the company’s Litecoin and Bitcoin Cash based products (LTCN and BCHG) experienced losses of 60.1% and 44.6% respectively. 

The MVDA index experienced 50% returns. The MVDA index is a market cap-weighted index that tracks the performance of a basket of the 100 largest digital assets. The index serves as a benchmark and universe for the other MVIS CryptoCompare Digital Assets Indices.