Digital Asset Management Firms See Lowest Amount of Funds Held Since December 2020 - What's Going On?

Asset management firms operating in the crypto space saw their assets under management (AUM) decline by 14.5% on average in November, marking the worst month for the industry since December of 2020. The figures were revealed in a new report by crypto researcher CryptoCompare, which pointed out that the declines were fueled by fears surrounding exposure to the collapsed crypto exchange FTX, and the potential for contagion to other players in the industry....