Crypto Investment Product AUM Down 55% in 2022

Equities peaked in early January 2022, setting markets up for sharp declines over the rest of the year


Overearth/ modified by Blockworks


As the year comes to a close, crypto investment product issuers are ending 2022 in a worse position than they started. 

In 2022, digital asset investment vehicles lost more than 55% in assets under management (AUM) from their peak at the beginning of the year, according to data from research firm CryptoCompare.

“Due to the current state of panic in the market following the collapse of FTX, and rumors of similar problems at Binance, average weekly net outflows from digital asset investment products reached -$9.5 [million] in December, the highest level recorded since June 2022,” CryptoCompare analysts wrote in the report. 

AUM for crypto investment vehicles slightly recovered in December, with a 0.35% increase from November 2022. 

Investors continued to express the most interest in bitcoin and ether over the course of the year, with bitcoin investment products representing 69.7% of market share and ether products holding 25% of market share. 

“Bitcoin and Ethereum product AUMs are currently down 61% and 62.1%, respectively, from their peaks in March and April 2022,” analysts added. Bitcoin and ether prices have dropped a similar amount.

Traders were also most interested in crypto investment products in the form of ETFs, analysts noted. AUM represented by ETFs saw a rise of 5.96% to $1.78 billion in December 2022, representing 9.11% of the total market share. 

Similar to the broader spot market, bitcoin futures ETFs are down over the year. The ProShares Bitcoin Strategy ETF, which launched in October 2021, is down about 64% year to date. The Valkyrie Bitcoin Strategy ETF is down almost equally as much, losing 63% since January 2022. 

The 2022 end-of-year numbers for broader markets are skewed though, analysts point out, given the peak recorded across equity markets at the start of the year.

“By fluky coincidence, the all-time high in the S&P 500 happened to be Jan. 3, the very first trading day of 2022,” Blockworks newsletter writer Byron Gilliam wrote earlier this month. 

“So the year-to-date performance in equities conveniently doubles as the high-to-low performance of the bear market. That’s never happened before and it makes all the YTD comparisons vs. history kind of meaningless: 2022 vs. any other calendar year is apples to oranges.”

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.


TUES, OCT. 8, 2024

Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png


Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.



The EIA said it will “destroy” survey responses and put out a new Federal Register notice


In a striking display of unity and resolve, the cryptocurrency industry recently mounted a crucial legal challenge against undue governmental overreach resulting in victory


Blast encouraged users to deposit into its multisig. Now they can finally exit


Eight state attorney generals warn the SEC’s enforcement actions could “stymie” potential state legislation around crypto


BlackRock’s bitcoin ETF is well on its way to eclipsing MicroStrategy for total bitcoin held


Why I’m not mad that I spent all of my bitcoin on food, rent and tennis lessons