XRP, Solana, Stellar Crypto Products See Upto 60% AUM Hikes
Solana , XRP, and Stellar -based crypto investment products have seen a rise in Assets Under Management [AUM] and a spike in activity. On a monthly basis, XLM products surged by 62.7% to $17.3 million. The rise came on the back of a pump registered by Grayscale’s XLM product. XRP and SOL products recorded 33.2% and 55.7% increases in AUM. The figures currently stand at $65.7 million and $87.8 million respectively. Source: CCData Also Read: $7.4 Million Asset Managing Stellar Lumens Fund Shares Pump 430% Investors pick ETCs over ETFs Over the past few weeks, a flurry of ETF-related developments has taken place. Specifically, asset managers from around the world, right from the U.S. to Europe and Australia, filled out applications and launched their products. However, in July, Exchange Traded Commodities [ ETCs ] registered the highest increase in AUM. They recorded a 31.4% rise to $2.67 billion. In that process, their market share rose from 6.11% to 7.91% in a month. ETCs were fo...