The total assets under management (AUM) for digital asset investment products hit a record high of $28.3 billion in February, according to the monthly review of the global digital asset investment product landscape published by CryptoCompare, a top source of statistics on digital assets, crypto media outlet CryptoSlate reported on March 2.

This is the third consecutive month that the AUM has increased, representing a 5.25 percent gain from January. The increase in AUM indicates investors' positive outlook and a rising interest in digital assets.

Assets under management (AUM) for products based on Bitcoin and Ethereum grew in February. The overall AUM for BTC-based goods increased by 6.06%, reaching $20.0 billion, while the total AUM for ETH-based products increased by 1.72%, reaching $6.80 billion. Consequently, BTC and ETH products currently make up 70.5% and 24.0%, respectively, of the entire AUM market share.

Volumes have grown by 21.5% since December 2022. Notwithstanding this improvement, volumes are still down by 80.1% from February 2022, highlighting the market's volatile nature. Experts, however, predict the next bull run in 2023.

Source: CRYPTOSLATE