Cryptocurrencies analytics

ETF Express newsletter for 13.8.21

…or did it ever go away? Frank Spiteri from CoinShares sent us a helpful note this week which detailed how much venture capital is going into the crypto space. Bitcoin was back in the spotlight last week with its largest single day gain in six weeks, after (apparently false) rumours were spread of crypto payment acceptance from Amazon by the end of the year, Spiteri says.

Institutions are turning to long term investments in crypto companies, with the largest funding round by a crypto firm with crypto exchange FTX raising USD900 million.
Trackinsight’s top and bottom performing ETF stats week to 8th August reveal that all the top performing ETPs are in cryptocurrencies with 21Shares’ Polkadot hitting the top spot with a return of 34.63 per cent. 

Back in what many would regard as ‘the real world’, we had a big interview with asset management veteran, Martin Gilbert, this week, post his new firm AssetCo’s acquisition of a majority stake in European thematic ETF issuer, Rize ETFs. Gilbert says: “ETFs usage in Europe still lags behind the US. I expect this to change. Overtime I see ETFs being increasingly used in portfolios all across the continent. You only need to look at the number of incumbent asset managers that have started to or are desperately trying to develop an ETF capability.”

Another acquisition, although this one is on the minority stake path, is iM Global Partner’s stake in Richard Bernstein Advisors, a US firm that has about USD12 billion of its USD14.6 billion in assets under management in ETF model portfolios. The plan is to bring their ETF expertise to Europe through iM Global Partner’s European connections.

You have until the 18th of August to place your votes in ETF Express’s US awards. Please follow this link to vote

Beverly Chandler, Managing Editor, ETF Express

Companies in this issue

iM Global Partner
Richard Bernstein Advisors


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