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Digital Assets Under Management in ETPs Rose 50% to $43.9B in February: Report
Even with the increase in AUM, average ETP volumes in February dropped 37.8% to $936 million.
Digital assets under management (AUM) for exchange-traded products (ETPs) doubled to $43.9 billion over the last month with the vast majority of assets residing in Grayscale’s Bitcoin trust (GBTC).
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- In a report Friday, London-based data aggregator CryptoCompare said the majority of AUM for listed trust products continued to reside in Grayscale’s bitcoin trust, which has a value of $35 billion, up 54.8% since last month.
- The ETC Group’s BTCE has the largest AUM across all exchange-traded notes at $1.01 billion, up 108% since mid-January.
- The XBT Provider’s Bitcoin Tracker Euro product holds the highest AUM across all exchange-traded certificates and saw an increase of 21.8% to $1.72 billion, said the report.
- Even with the increase in AUM, average ETP volumes in February dropped 37.8% to $936 million.
- In terms of performance, Bitwise’s Listed Trust Product was the best performing bitcoin product by market price over the last 30-days, returning 156%.
- The second-best performing product includes Grayscale’s Ethereum Classic Trust product, which returned 105.5% over the same time period.
- CryptoCompare noted the premiums for Grayscale’s products and the 3iQ listed bitcoin products have dropped significantly from January.
- New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
Read more: Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
