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Laxman Pai, Opalesque Asia:

In December, the total assets under management (AUM) for digital asset investment products saw a slight increase of 0.35% to $19.7bn (as of December 20th), however, AUM is currently down 55.2% from its peak in January 2022, said a study.

This marks the second consecutive month that AUM has hovered around levels not seen since December 2020, said 'Digital Asset Management Review' by CryptoCompare.

Due to the current state of panic in the market following the collapse of FTX, and rumors of similar problems at Binance, average weekly net outflows from digital asset investment products reached -$9.5mn in December, the highest level recorded since June 2022.

Meanwhile, in 2022, AUM and average daily volumes saw a significant decline due to various macroeconomic headwinds and major systematic events that affected the entire industry. Average daily volumes have fallen by 74.1% to $203mn in 2022, compared to $781mn in 2021. Average monthly AUM also saw a similar decline of 39.5% to $31.9bn, compared to $52.8bn in 2021.

Average daily aggregate product volumes across all digital asset investment products continued to fall in December after a slight recovery in November, declining 56.1% to 61.1mn (up to the 20th of December). Aggregate product volume is currently 87.0% lower than its peak in January 2021.

In December, average weekly net outflows from digital asset investment products reached their highest level since June, with -$9.......................

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