AUM for Bitcoin-based products shrank 10.3% to $21.7 billion.
On the contrary, AUM jumped significantly YTD, led by GI Galaxy.
The total assets under management (AUM) for crypto investment products declined for
the first time this year during this month (May), shedding 8.92% to reach $30.6 billion. On the contrary,
investment surged by over 55.5% on a year-to-date (YTD) basis.
These are
according to new data by digital asset data provider, CCData
previously known as CryptoCompare. CCData is also a benchmark administrator
authorized by the UK Financial Conduct Authority.
First Drop
in Crypto Investment AUM
According
to CCData, the AUM for Bitcoin and Ether-based products dropped for the
first time this month, falling 10.3% and 4.42%to $21.7 billion and $7.50 billion, respectively. As a
result of the decrease, the share of Bitcoin in the crypto-based product market
shrank to 70.9%, dropping from 72% in April. On the contrary, Ether’s market share rose slightly to 24.5%, which is up from 23.4% in the prior
month.
How assets under management shaped out for crypto investment products over the past few months
In line with the monthly drop in AUM, the average daily aggregate volumes of crypto investment
products also went down
for the second consecutive month. Additionally, the volumes shrank by 24.6% to $209 million.
“This
decline followed a period of relative stability in the market, characterised by
digital assets like Bitcoin trading within a narrow range,” CCData explained.
“As a result, the digital asset industry witnessed its second lowest volume of
2023, with volumes only higher than those re-recorded in January.”
However,
despite recording the first monthly drop in 2023, the market’s YTD
growth suggests “resilience and ongoing growth amidst
challenging market conditions,” CCData said.
In addition, the growth
is a testament
that the industry is seeing overall expansion along with “positive momentum
and investor interest surrounding digital asset management,” the crypto data
provider added.
In terms of
performance by companies in the market, investment management firm VanEck exhibited the highest increase in AUM during the month, followed by its rival CI Galaxy. VanEck's AUM rose 2.25% to
$334 million while its rival saw a decline of 3.45%
to $523 million.
The top gainers in the crypto investment industry in recent months
However, on
a YTD basis, GI Galaxy is the frontrunner, with total assets under its management
doubling to 118%. This was followed by ProShares and ETC Group with 80.1% and
71.5% increases in AUM, respectively.
Furthermore,
while Grayscale saw its AUM retreat 8.66% to $23 billion in May, the digital
asset management firm remains the biggest player in the crypto products market.
Also, when compared YTD, the company’s AUM jumped 57.6% for this month.
The total assets under management (AUM) for crypto investment products declined for
the first time this year during this month (May), shedding 8.92% to reach $30.6 billion. On the contrary,
investment surged by over 55.5% on a year-to-date (YTD) basis.
These are
according to new data by digital asset data provider, CCData
previously known as CryptoCompare. CCData is also a benchmark administrator
authorized by the UK Financial Conduct Authority.
First Drop
in Crypto Investment AUM
According
to CCData, the AUM for Bitcoin and Ether-based products dropped for the
first time this month, falling 10.3% and 4.42%to $21.7 billion and $7.50 billion, respectively. As a
result of the decrease, the share of Bitcoin in the crypto-based product market
shrank to 70.9%, dropping from 72% in April. On the contrary, Ether’s market share rose slightly to 24.5%, which is up from 23.4% in the prior
month.
How assets under management shaped out for crypto investment products over the past few months
In line with the monthly drop in AUM, the average daily aggregate volumes of crypto investment
products also went down
for the second consecutive month. Additionally, the volumes shrank by 24.6% to $209 million.
“This
decline followed a period of relative stability in the market, characterised by
digital assets like Bitcoin trading within a narrow range,” CCData explained.
“As a result, the digital asset industry witnessed its second lowest volume of
2023, with volumes only higher than those re-recorded in January.”
However,
despite recording the first monthly drop in 2023, the market’s YTD
growth suggests “resilience and ongoing growth amidst
challenging market conditions,” CCData said.
In addition, the growth
is a testament
that the industry is seeing overall expansion along with “positive momentum
and investor interest surrounding digital asset management,” the crypto data
provider added.
In terms of
performance by companies in the market, investment management firm VanEck exhibited the highest increase in AUM during the month, followed by its rival CI Galaxy. VanEck's AUM rose 2.25% to
$334 million while its rival saw a decline of 3.45%
to $523 million.
The top gainers in the crypto investment industry in recent months
However, on
a YTD basis, GI Galaxy is the frontrunner, with total assets under its management
doubling to 118%. This was followed by ProShares and ETC Group with 80.1% and
71.5% increases in AUM, respectively.
Furthermore,
while Grayscale saw its AUM retreat 8.66% to $23 billion in May, the digital
asset management firm remains the biggest player in the crypto products market.
Also, when compared YTD, the company’s AUM jumped 57.6% for this month.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
