Assets under management (AUM) in global digital asset exchange-traded products (ETPs) dropped sharply in February, marking the steepest monthly decline in several years as falling cryptocurrency prices weighed on the sector, according to a report by Fineqia International Inc (CSE:FNQ).

Total crypto ETP AUM fell 21.4% to $122.5 billion at the end of February from $155.8 billion in January, the firm said in its February digital asset ETP report. The drop pushed assets to their lowest level since mid-2024 and represented the largest monthly percentage decline since mid-2022.

The fall in ETP assets came as the broader crypto market weakened. Total digital asset market capitalization declined 13.2% during the month to $2.38 trillion from…