In August, there has been a noticeable downward trajectory in the overall assets undermanagement (AUM) within digital asset investment products. This decline has been particularly accentuated by recent turbulent conditions in the market, prompted by a substantial decline in BTC's value, which hit a low of $25,375 on August 17th,

Key Findings

• In August, the digital asset market experienced a notable decline in assets under management (AUM), primarily driven by a sharp drop in BTC's value, which reached a low of $25,345 on August 17th. As of August 25th, the total AUM stood at $29.7bn, marking a decline of 12.7% compared to July. This figure signifies the lowest AUM recorded since February 2023. 
• The average daily trading volumes of digital asset investment products saw a substantial 17.9% decline in August, amounting to $208mn. This decline marked the second consecutive decrease and represented the lowest average volume since January 2023.
• Grayscale’s GBTC added $1.17bn to its AUM on the 29th & 30th of August following the verdict announcement, recording a total of $17.4bn AUM, an increase of 7.20%.