CBOE Files Amended Bitcoin Spot ETF Options Application With SEC, Launch Delay Possible
CryptoNewsTerminal Staff08 Aug, 2024
CBOE Files Amended Bitcoin Spot ETF Options Application With SEC, Launch Delay Possible
Assets under management (AUM) in cryptocurrency exchange-traded funds (ETFs) have been falling due to a recent crypto market sell-off. This has led to a decrease in trading volume. At the end of July, global AUM in cryptocurrency ETPs was at $19.4 billion, down from $30.2 billion at the end of March, according to data from CryptoCompare. The decline was particularly pronounced in North America, where AUM fell from $18.2 billion to $12.5 billion. The sell-off was triggered by a number of factors, including concerns about the sustainability of the market's rally and the regulatory uncertainty surrounding cryptocurrencies. The situation was exacerbated by the collapse of the Terra blockchain, which led to the loss of billions of dollars in investor funds. As a result of the sell-off, trading volume in cryptocurrency ETFs has also declined. In July, trading volume was $2.2 billion, down from $5.3 billion in March. The decline in AUM and trading volume is a reminder of the volatility of the cryptocurrency market. Investors should be aware of the risks involved before investing in cryptocurrency ETFs.
