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Global digital asset-based ETPs YTD AUM up 66 per cent: Fineqia

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Fineqia’s analysis of global ETPs with digital currencies as underlying assets, reveals the total AUM increased by 66 per cent, representing a 29 per cent rise in their value vis-à-vis the broader digital asset market, which grew 51 per cent in the four months this calendar year, the firm says.

Fineqia reports that year to date (YTD) AUM increased to USD32.6 billion from USD19.9 billion, while the digital asset market value rose to USD1.2 trillion from USD796 billion. During the month of April alone, total AUM decreased by 2 per cent to USD32.6 billion from USD33.3 billion, while the overall value of cryptocurrencies remained stable at around USD1.2 trillion.

“The rising AUM figures show a healthy appetite among investors so far this year for securities backed by digital assets,” says Fineqia CEO Bundeep Singh Rangar. “They had a chance to review their positions in April, ahead of the Fed’s interest rate decision on May 3.”

The price of Bitcoin (BTC) reached USD29,200 on Apr. 30, a 2.5 per cent increase from about USD28,500 recorded on Mar. 31. In the same period, AUM of ETPs holding BTC decreased 2 per cent to USD22.6 billion from 23.2USD billion. Ethereum’s (ETH) price increased to USD1,910 from about USD1,825, a 4.7 per cent rise in value in April. The AUM of Ethereum (ETH) denominated ETPs decreased 1.7 per cent to USD7.5 billion on Apr. 30, from USD7.6 billion.

ETPs representing alternative coins decreased by 3.2 per cent, and those with a basket of cryptocurrencies recorded growth during April, with a 1.3 per cent increase in AUM.

The year-on-year data showed a 30 per cent decrease in the total crypto market value compared with the USD1.7 trillion on Apr. 30 last year.

ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs). Fineqia’s analysis is compiled from publicly available sources such as Grayscale Investment LLC and VanEck Associates Corp. 

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