Bringing you live news and features since 2006 

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

RELATED TOPICS​

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. 

Latest News

Digital asset manager CoinShares International Limited has announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions...
Despite a small contraction in assets caused by a complex market and macroeconomic scenario in Europe and at the global..
State Street Global Advisors, the asset management business of State Street Corporation, has published the results of its Gold ETF..
HANetf has announced that Sprott Uranium Miners UCITS ETF (URNM) has reached USD108.18 million AUM for the first time since..

Related Articles

Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Jeff Ringdahl, Resolute Investment Management
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to...
Arne Noack, DWS
July saw the launch of DWS Group’s Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ: UPGR) designed to offer both...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by