In September, the total assets under management (AUM) for digital asset products experienced its second consecutive monthly decrease, with a notable decline of 5.86% to reach $29.8 billion. This decline was primarily driven by increased regulatory uncertainty towards digital asset products, particularly the recent regulatory filings which have seen its decisions delayed.

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Key Findings

• Average daily aggregate volumes of digital asset investment products experienced a significant downturn, reaching their lowest levels in 2023 with a substantial 37.6% drop.
• The decrease in (AUM) was notably concentrated in Canada. AUM saw a significant decline for the second month in a row, dropping 14.8% to $1.69 billion.
• In September, Grayscale experienced a 5.56% decrease in its AUM, bringing it to $21.9 billion.