Executive Summary: Digital Asset Management Review September 2023

CCData’s Digital Asset Management Review provides readers with an overview of the global digital asset investment product landscape. 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. Despite this regulatory pressure, major financial institutions, like Nomura and Franklin Templeton, continued to express interest in digital assets with the long-term outlook for the industry seeming positive. Additionally, the decline in AUM was exacerbated by the instability in the price of BTC, which hit a low point of $24,919 on September 11th. Download the full report here . Digital Asset Management Review Digital Asset AUM Drops Again in September Amid Regulatory Uncertainty 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. Despite this regulatory pressure, major financial institutions, like Nomura and Franklin Templeton, continued to express interest in digital assets with the long-term outlook for the industry seeming positive. Additionally, the decline in AUM was exacerbated by the instability in the price of BTC, which hit a low point of $24,919 on September 11th. Created using data from CCData Crypto-Related Stocks Experience Sharp Decline in September Amid Fed’s Hawkish Stance Despite performing strongly against Bitcoin in recent months, stocks related to digital assets experienced a significant decline in September against the backdrop of the Federal Reserve’s hawkish stance on interest rates. The Fed opted to keep rates unchanged and signalled the expectation of further rate hikes in the future. Created using data from CCData AUM Declines in Canada and Germany, Sweden Sees Growth The decrease in Assets Under Management (AUM) was notably concentrated in Canada, marking the second consecutive month of the highest decline among domiciles. This decline can be attributed to factors such as regulatory uncertainty and a cautious investor sentiment prevailing in both the US and Canada. Canada experienced a decline of 14.8% in AUM, bringing it to $1.69 billion recording 5.67% market share (down from 6.26% in August). The second most significant decline occurred in Germany, where AUM decreased by 7.20%, to $598 million. On the other hand, Sweden stood out with the most substantial increase in AUM, recording a growth of 2.48% to $1.57 billion. The US, a dominant player in AUM by Domicile, recorded a decrease of 5.81% to $23.2 billion, leading its market share to decline to 78.0%. Created using data from CCData ETCs Outshine ETFs in September with Minimal AUM Decrease In terms of product categories, Exchange-Traded Commodities (ETCs) emerged as the top performer in September, with a marginal decrease of 0.51% compared to other product types, resulting in a total of $2.17 billion in assets under management. On the other hand, Exchange-Traded Fund (ETF) products saw a significant decline of 12.0%, leading to a total of $3.50 billion in assets under management. This decline also caused ETFs to capture a market share of 11.7%, down from 12.6% in August. Created using data from CCData Looking for custom data or charting? Our monthly Digital Asset Management Review contains a summarised analysis of the latest movements in cryptocurrency markets. If you enjoy our reports, then we recommend signing up for our mailing list so you can receive all of our latest research straight to your inbox. Digital Asset Management Review Want to stay up to date with everything crypto? Subscribe to our mailing list and get our monthly research reports and insights delivered straight to your inbox. CCData’s suite of market-leading trade, order book, derivatives, blockchain, social, and historical data, spanning thousands of cryptocurrencies and 300+ exchanges, is also available via our API here: https://developers.cryptocompare.com/ Executive Summary: Digital Asset Management Review September 2023 was originally published in CCData on Medium, where people are continuing the conversation by highlighting and responding to this story.