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Digital investment analysts Fineqia and DAR find significant growth in digital ETP AUM


Fineqia International, a digital asset and fintech investment business, has announced that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral, revealed a 76 per cent growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid renewed interest by investors.

The AUM increase was at a 52 per cent premium to the underlying value of digital assets, which grew slower at 50 per cent since the beginning of the year. The firm writes that this can be attributed to the price rise of the main digital asset that underpins ETPs, i.e., bitcoin , vis-à-vis smaller alternative coins and as well to strong capital inflows into these listed products during the month of June.

“It’s an upward trend so far this year, and that’s attracting capital,” says Fineqia CEO Bundeep Singh Rangar. “Recent ETF filings in the US signals a revival of interest among financial institutions.”

Fidelity Investments, Invesco, VanEck, 21Shares and WisdomTree are among eight filings in the US for spot BTC Exchange Traded Funds (ETFs), sparked by BlackRock Inc.’s submission to the SEC on June 15.

Total crypto AUM increased 10.7 per cent to USD35.1 billion from USD31.7 billion in June. During the same time, the overall value of crypto assets grew 4.7 per cent, to about USD1.20 trillion from USD1.14 trillion . On a quarterly basis, the total AUM increased 5.5 per cent in Q2, after growing 67 per cent in Q1. The overall value of crypto assets grew by 0.6 per cent during Q2 after a 49 per cent increase during Q1.

Bitcoin (BTC) price increased 12 per cent in June, to USD30,500 from USD27,200 recorded on May 31 . The AUM of ETPs holding BTC correspondingly increased by 14 per cent, reaching USD24.8 billion from USD21.7 billion. In Q2, both BTC price and AUM of ETPs holding BTC increased by 7 per cent.

Ethereum ( ETH ) rose 3 per cent in value to USD1,930 from about USD1,875 . ETH denominated ETPs AUM dovetailed this rise, growing 3 per cent to USD7.8 billion on June 30, compared with USD7.6 billion a month earlier.

ETPs representing alternative coins increased 1 per cent, and those with a basket of cryptocurrencies rose 7 per cent in AUM.

ETPs include ETFs and Exchange Traded Notes (ETNs). Fineqia Research’s AUM calculation factors in the launch or closure of ETPs during any stated period. The number of tracked ETPs stood at 154 as of the end of June.

Digital Asset Research (DAR) has also published its findings that crypto ETPs are the next area of interest for traditional financial institutions.

On a monthly basis, DAR writes that it tracks the top crypto ETPs by AUM and from May to June found three had a significant month over month increase:  

ETC Group Physical Bitcoin ETF +46.67 per cent

Evolve Bitcoin ETF +43.24 per cent

Purpose Bitcoin ETF +37.95 per cent

The firm writes that the top three with the largest total amount of AUM are:

·         ProShares Bitcoin Strategy ETF USD1,088,339,000

·         Purpose Bitcoin ETF USD853,822,000

·         ETC Group Physical Bitcoin USD671,981,000

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