Bitcoin Cash (BCH), the most popular digital asset in June, saw the biggest gains after its listing on EDX Markets. This crypto exchange, backed by Fidelity Charles Schwab, and Citadel debuted on 20th of June.

CoinDesk data shows that the token has gained 171% in the past month. This is more than bitcoin (BTC), which is the largest cryptocurrency. BTC only added 14%. On Friday , BCH surged by 30% in 24 hours and reached a 14-month high price of $320.

Upbit, South Korea’s largest digital asset exchange, saw a significant increase in trading volume. Coingecko data shows that the bitcoin cash/Korean win (BCH/KRW), listed on Upbit, has registered a volume of $558,000,000 in the last 24 hours. This is nearly 3.5x the volume of Upbit’s BTC/KRW and 5.5x the BCH/USD of $87m on the Nasdaq listed Coinbase exchange.

Matt Kunke is a research analyst with GSR. He believes that Bitcoin Cash’s performance in June can be attributed to the perception that forks on the Bitcoin blockchain could pose a reduced regulatory risk.

He said that “liquidations were also a major component of BCH’s strength, especially during the last days, when $15m worth of shorts was liquidated. This is the highest amount of any other coin, excluding BTC/ETH.”

In June, not only were the two largest crypto-exchanges, Binance and Coinbase under fire by the U.S. Securities and Exchange Commission causing altcoins to drop but also a number of large institutions pushed further into crypto towards the end of the year, sparking positive sentiment. Bitcoin rose in response, reaching a year-high over $31,000 just a few weeks after BlackRock, world’s biggest asset manager, filed for a spot exchange-traded fund on June 15.

Michael Safai is the managing partner of Dexterity, a high-frequency algorithmic trading firm.

BlackRock is clearly the driving force behind the BTC gains in the past month.

FTT, token of the bankrupt crypto exchange FTX, also gained on the month. FTT rose 124% in the month of June. The Wall Street Journal published on Friday that the bankrupt exchange was in discussions with investors to restart.

The native token for the decentralized finance protocol (DeFi), Compound (COMP), also advanced, gaining 50% in just four days after a spike in volumes and outflows from Binance. COMP has risen 58% since June.

The CoinDesk Market Index, CMI, a broad index that measures the performance of the stock market based on market capitalization has gained 2.7% in the past month.

Sheldon Reback is the editor.