Digital Asset Management Firms See Lowest Amount of Funds Held Since December 2020 – What’s Going On?
Asset management firms operating in the crypto space saw their assets under management (AUM) decline by 14.5% on average in November, marking the worst month for the industry since December of 2020. The figures were reve...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The figures were revealed in a new report by crypto researcher CryptoCompare, which pointed out that the declines were fueled by fears surrounding exposure to the collapsed crypto exchange FTX, and the potential for contagion to other players in the industry....
Read More: Digital Asset Management Firms See Lowest Amount of Funds Held Since December 2020 – What’s Going On?
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin’s Q2 selloff split Wall Street as banks bought, hedge funds cut and sovereigns held
Bitcoin fell 14.2% in the second quarter, while institutional Bitcoin ETF holdings rose 7.5% over the same period, climbing from 4...
Strategy Just Stopped Bitcoin News: Is the Market’s Biggest Corporate Bid Gone for Good?
In the latest Bitcoin news, Strategy held its bitcoin position flat at 840,447 BTC through the week ended Aug. 16, according to a...
Trump: US considers buying sizable Bitcoin amounts
The U.S. interest in expanding Bitcoin reserves could significantly impact market dynamics and influence global digital asset stra...
How crypto turned a 68-point deficit into a market lead as Bitcoin and top altcoins outrun the Nasdaq
Bitcoin trailed the Nasdaq 100 by 68 percentage points over the past year, and it has spent the last 60 days turning that deficit...
Wall Street piled $1.2 billion into MSTR in Q2 before Strategy turned its Bitcoin flywheel toward rescuing STRC
Wall Street institutions increased their exposure to Strategy's MSTR in the second quarter, just before Michael Saylor’s Bitcoin a...
Bitcoin’s Volatility May Be Down But Expect a ‘Meaningful Move’ Soon, Says Fidelity
Bitcoin Magazine Bitcoin’s Volatility May Be Down But Expect a ‘Meaningful Move’ Soon, Says Fidelity Bitcoin has been sitting stil...