October witnessed significant advancements in the industry owing to the launch of six ETH Futures ETFs, offering investors a chance to delve into Ether futures. Bitcoin responded positively to the developments. Further gains were fueled by speculations about BlackRock’s application approval of a spot BTC ETF in the United States.
As a result, the total assets under management (AUM) for digital asset products surged by 6.74%, reaching $31.7 billion in October. This represented the first upturn since July 2023.
The narrowing Grayscale discount, which hit its lowest point at 12.6% on October 18th, further exemplified the shift, as per the latest report by crypto data provider CCData. The decrease in the disparity between the Trust’s market price and its Net Asset Value (NAV) mirrors the increasing confidence in the approval of a spot Bitcoin ETF.
SOL-based Products See 74% Increase in AUM
Despite affiliation to FTX and its disgraced founder, Sam Bankman-Fried, as well as its own share
We współpracy z: https://cryptopotato.com/solana-based-products-lead-with-74-aum-increase-in-october-ccdata/
