Here are the key data points from the Digital Asset Management Review for July 2023:
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Exchange-Traded Products (ETPs) and Trusts Dominate: ETPs and trusts continue to be the preferred product types for institutional investors. ETPs saw a 31.4% increase in Assets Under Management (AUM) to $2.67 billion, capturing 7.91% of the market share. Trust products, on the other hand, dominated with a market share of 74.4%.
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Grayscale’s Bitcoin Trust (GBTC) Leads: Despite a 2.88% decrease in AUM to $18.6 billion in July, $GBTC maintained its position as the leading trust product, holding a market share of 74.1%.
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Grayscale’s Ethereum Trust (ETHE) Grows: $ETHE saw an increase in AUM of 1.44% to $5.65 billion and a market share of 22.5%.
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MVDA Index Increases: The MVDA index, a market cap-weighted index that tracks the performance of the 100 largest digital assets, experienced an increase of 8.59%.
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Product Performance: The report includes a detailed breakdown of the performance of various digital asset investment products, including changes in AUM and average daily volume.
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CCData Index Products: The report highlights the MVIS CCData Digital Assets Indices, which track the financial performance of the largest and most liquid digital assets and serve as the underlying platform for financial products globally.
Remember, these are just the key points. For a more detailed analysis, you can check out the full report here.