Global crypto ETP AUM falls 15% YTD to $140B

The total assets under management (AUM) of global cryptocurrency exchange-traded products (ETPs) have decreased by approximately 15% since the beginning of the year to $140 billion, Sentora reported. However, the amount of Bitcoin held by these ETPs remains at 1.25 million BTC, within 8% of its all-time high. Sentora explained that considering Bitcoin's price has fallen about 50% from its peak of $126,000, this decline in AUM likely reflects mark-to-market valuation changes rather than significant outflows from institutional investors.