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Investors Pour Money Into Crypto Investments for 4th Straight Month
Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare.
Updated Mar 31, 2023, 5:15 p.m. Published Mar 31, 2023, 4:49 p.m.
The amount invested in digital-asset products climbed for a fourth straight month in March as cryptocurrency prices continued to soar, according to data from CryptoCompare.
Assets under management increased to $13.4 billion, up 10.9% from February and up 60% from November, when the total sank to its lowest level of 2022 amid crypto exchange FTX’s collapse.
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Investments in bitcoin-based products rose 14% to $22.7 billion, while ether-related ones increased 6.25% to $7.22 billion. Bitcoin’s (BTC) share of overall investment hit 72%, reaching a nine-month high in mid-March. Crypto-related products labeled “other” saw assets decrease 13.3% to $1 billion, taking their market share down to 3.2%.
“The increase in bitcoin market share was consistent with the surge in bitcoin dominance and the shift away from altcoins that investors have been making in response to the recent market turbulence,” the report stated.
CI Galaxy, a firm that manages funds that invest in cryptocurrencies, recorded the highest increase in assets for the second consecutive month, rising 20.3% to $553 million, followed by ProShares, which saw a 19.1% increase to $1.08 billion.
Grayscale Investments remained the dominant player, recording a total of $23.6 billion, a 13.2% increase compared to February. Grayscale is owned by CoinDesk’s parent company, Digital Currency Group.
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Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
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