Crypto Investment Products’ AUM Plunge in May Over Falling Prices

Cryptocurrency investment products have seen their assets under management plunge in May over falling cryptoassets prices in a sell-off exacerbated by the collapse of the Terra ecosystem, which saw LUNA and its algorithmic stablecoin become nearly worthless. According to CryptoCompare’s Digital Asset Management Review, in May Bitcoin investment products’ assets under management fell 26.8% to […]