Bitcoin Leads the Way
Bitcoin continued to lead the digital asset management sector, with its AUM reaching around $49b, commanding a hefty market share of 74.5%. This marks a solid 29.2% increase from January.
Ethereum held onto its position as the second-largest asset, enjoying 26% growth to hit $12.3b in AUM, securing an 18.8% market share.
However, Solana (SOL) saw a slight dip of 1.51% in AUM, indicating a possible dip in interest or a shift in investor focus.
Spot Bitcoin ETFs Boost Adoption
The US reclaimed its leading role in the digital asset market, with its AUM surging by almost 30% to $49.1b, comprising roughly 75% of the market share.
By Feb. 26, inflows into Spot Bitcoin ETFs amounted to $6.03b, while Grayscale experienced record-low outflows of $22.4b on the same day, the report showed.
Among the top 10 ETFs, BlackRock’s iShares and Fidelity’s FBTC attracted inflows of $6.02b and $4.23b, respectively, indicating robust investor confidence and market momentum.
The crypto asset management sector witnessed a significant growth in February, driven by rising Bitcoin prices and growing adoption of Spot Bitcoin ETFs in the US. Bitcoin remained the dominant asset in the sector, while Ethereum and Solana also showed impressive performance.
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Other Crypto Assets Show Mixed Results
While Bitcoin and Ethereum dominated the crypto asset management sector, other crypto assets showed mixed results in February.
According to the report, Polkadot (DOT) saw a 23% increase in AUM, reaching $1.3b and securing a 2% market share. Cardano (ADA) also enjoyed a 21% growth in AUM, hitting $1.1b and capturing a 1.7% market share.
However, some crypto assets experienced declines in AUM, such as Litecoin (LTC), which dropped by 8.5% to $0.9b, and Chainlink (LINK), which fell by 6.7% to $0.8b.
The report also noted that some crypto assets saw significant volatility in their prices, such as Dogecoin (DOGE), which spiked by over 50% on Feb. 4 after a tweet from Tesla CEO Elon Musk, but then plummeted by 23% on Feb. 15.
Crypto Asset Management Sector Remains Resilient
Despite the challenges and uncertainties in the global economy and the regulatory environment, the crypto asset management sector remained resilient and optimistic in February.
The report highlighted that the sector continued to attract institutional and retail investors, as well as new entrants and innovators. It also pointed out that the sector benefited from the increasing adoption and integration of crypto assets by mainstream platforms and services, such as PayPal, Visa, Mastercard, and BNY Mellon.
The report concluded that the crypto asset management sector is poised for further growth and expansion in the coming months, as more investors seek exposure and diversification in the digital asset space.
Bitcoin 
Ethereum 
BNB 
Solana 
Cardano 
Avalanche 
Chainlink 
Polkadot 
NEAR Protocol 
Sui 
Aptos 
Bittensor 
Internet Computer 
Kaspa 
Stacks 
Immutable 
Filecoin 
Render 
Optimism 
Mantle 
Arbitrum 
Injective 
Cosmos Hub 
THORChain 
The Graph 
Sei 
Pyth Network 
Celestia 
Algorand 
Jupiter 
Quant 
Flow 
Beam 
MultiversX 
Akash Network 
dYdX 
Dymension 
Manta Network 
Illuvium 
Metis 
Kujira