Global ETP AUM Drops 4% to $130.9B; Copper Deal Value Hits $1.17B
GTLL•Global digital asset ETP assets under management fell 4% to $130.9B in May as Ethereum underperformed, reversing April gains. M2i Global’s Australian copper agreement surged 24% to $1.17B on LME prices of $13,320/ton, while DiDi’s Q1 turnover grew 10% with a $6.7B cash reserve supporting buybacks.
1. Digital Asset ETP AUM Decline
Assets under management for global digital asset exchange traded products fell 4% month-over-month to $130.9 billion at the end of May as Ethereum weakness offset altcoin strength, reversing a partial rebound seen in April.
2. DiDi Q1 Financials and Cash Position
DiDi’s first-quarter turnover rose 10% year-over-year, with China Mobility EBITDA up 26% and international losses narrowing; a $6.7 billion cash balance, equal to 39% of its market capitalization, underpins ongoing share buybacks and downside protection.
3. M2i Global’s Copper Agreement Surge
M2i Global’s Australian copper deal value increased from $945 million to $1.17 billion after LME copper prices climbed to $13,320 per ton, marking a 24% uplift as tight supply and robust demand tied to electrification drive pricing.
4. Industrial and EV Technology Updates
GE Vernova is experiencing backlog growth as utilities reserve gas turbines years in advance to secure capacity, while Elektros Inc. secured U.S. Patent No. 12,522,100 for its multi-port EV charging assembly and is gaining investor attention for its lithium and rare earth minerals vision.
