See the latest research on crypto ETPs from listed digital asset and fintech investment firms below Fineqia (CSE:FNQ).
Fineqia International, a leading digital asset and fintech investment firm, announces that its analysis of global Exchange-Traded Products (ETPs) backed by digital assets in January saw a 5% growth in total crypto assets under management (AUM) has brought to light. $52.0 billion from $49.5 billion.
In the same month, the market value of crypto assets fell by 2.7%, from $1.77 trillion to approximately $1.73 trillion. The difference between the growth in AUM of crypto ETPs and the market value of crypto assets is mainly attributed to the adoption of BTC Spot ETFs (Exchange-Traded Funds) traded in the US, which began trading on January 11, which led to an increase in capital. inflow into crypto ETPs.
The ten BTC Spot ETFs, with issuers such as Blackrock, 21Shares, Grayscale and others, witnessed nine new issuances along with the conversion of Grayscale Trust (GBTC) into an ETF. The nine newly issued products generated inflows of approximately $6.9 billion in January, partially offset by net outflows from Grayscale ETF. Still, the total flow resulted in net inflows of more than $1 billion for January.
iShares Bitcoin Trust from BlackRock (IBIT) has become one of the top five ETFs of 2024 based on inflows, amassing $3.2 billion in the first 17 days since its launch on January 11, as reported by Bloomberg Intelligence. The 10 BTC ETFs approved in January benefit from Google’s changed marketing rules, allowing “cryptocurrency coin trusts” ads to appear along with results for searches like “Bitcoin ETF.”
“The green light has been given and the (investor) traffic has started moving,” said Bundeep Singh, CEO of Fineqia, Rangar referring to the approval of BTC Spot ETFs in the US. .”
In January, the price of BTC rose 2.5% from $42,300 at the end of last year to $43,300. The AUM of ETPs with BTC as the underlying asset increased 6.8% to $38.0 billion in January, compared to $35.6 billion at the end of December 2023. These figures highlight the substantial net inflows observed in January, especially after the BTC Spot Approval of ETFs.
Ethereum (ETH) rose 3.9% to $2,365 in January, compared to $2,277 at the end of December 2023. During the same period, the AUM of ETH-denominated ETPs rose 1.9% to $9.6 billion, from $9.4 billion on December 31, 2023.
ETPs representing a diversified basket of cryptocurrencies fell 3.6% in assets under management to $2.17 billion in January, compared to $2.25 billion at the end of 2023.
ETPs representing an index of alternative currencies fell 0.3% to $2.22 billion in January, compared to $2.23 billion at the start of the year.
ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs). Fineqia Research’s AUM calculation takes into account the launch or closure of ETPs over a period of time. The number of ETPs tracked reached 180 at the end of January. All price references are in USD and cryptocurrency prices are sourced from CoinMarketCap and CoinGecko. The ETP and ETF AUM data referenced in this announcement has been compiled from reputable sources, including 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., Morningstar, Inc. and TrackInSight SAS, by Fineqia’s dedicated in-house research department.