October, cryptocurrencies It was a little more active than the summer. Leading cryptocurrency bitcoinIt has gained 7% to date, starting at $19,200 in October. Ethereum, on the other hand, has risen 18% since the beginning of October, breaking past the $1,500 psychological resistance.
October, which we can call the best of bad for spot markets, is not very productive for crypto investment products. Contrary to limited bullish movements in cryptocurrencies, investment products are witnessing the lowest volumes in recent months.
CryptoCompare’s Crypto products such as crypto ETFs, exchange trading certificates (ETCs), OTC/Trust mutual funds have the lowest trading volume in the past two years, according to a new report released by the company.
How Much Has the Volume Dropped in Investment Products?
market research firm CryptoCompareannounced how much the volume in crypto investment products has declined.
According to the data, the average daily trading volume of digital asset products decreased by 34%. While the amount in the product that lost the least volume was 24%, the amount in the investment product that stagnated the most was 78%. Daily volume in digital asset products currently hovers around $60 million.
ETH Investment Products Outperformed BTC!
Another data released by CryptoCompare was on which crypto investment products earn more.
According to the company’s research ETH based crypto investment products outperformed Bitcoin products.
While the return of ETH-based digital investment products ranged from -4.7% to 2.7%, this rate ranged from -77.5% to -24.3% in BTC products.
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