Digital asset investment products’ assets under management (AUM) last month reached their highest level since May 2022, according to a report by data provider CryptoCompare, released Wednesday.
The AUM for digital asset investment products rose 5.2% in February from the previous month to $28.3 billion, the third consecutive monthly increase, according to the latest Digital Asset Management Review, which charts monthly trends.
Despite markets’ increasing nervousness about U.S. regulatory actions and macroeconomic headwinds, the growth in AUM “signaled the bullish sentiment of investors and the increased appetite for digital assets,” CryptoCompare said.
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