$DEFI’s subsidiary Valour Inc just announced that they've reached $140M+ USD under management. Considering how much they had UM at the beginning of the year, this is a significant milestone as their ETPs, and low to no management fees continue to gain traction.
- AUM growth of 1400% since the beginning of 2021
- As of August 18th the AUM was $143.5M
- Bitcoin Zero, the first fully hedged, passive investment product with Bitcoin as its underlying asset and has grown its assets by 1055% since the start of the year
- Polkadot and Cardano ETPs are the first DOT and ADA ETPs in the Nordics and the lowest fee DOT and ADA ETPs globally (competitors charging up to 2.5%).
- Diana Biggs, the CEO, stated, “we have more products in the pipeline and a plan to expand across more geographies. So, the rest of 2021 and into 2022 should be even bigger for us."
https://ca.finance.yahoo.com/news/defi-technologies-wholly-owned-subsidiary-113000583.html
With this milestone achievement of $140M AUM and 1400% growth since the beginning of the year, I expect an even greater number by the end of the year. Considering that they didn't have as many ETPs and products at the beginning of the year, most of the growth is likely saturated in the spring/summer.
A gain of $130M AUM in 8 months means that each month the AUM grows by around $16.25M. So over the next 4 months, the EoY number should be around $205M AUM (considering a linear growth pattern). Now thinking about new products and current products that are out now (and not earlier in the year), I’m estimating that the EoY number should be around $250M+.
$DEFI is a powerhouse in the sector. After a tough summer, several companies in their portfolio are outperforming a bullish crypto market; things are looking pretty good for the future.