Cryptocurrency ETP AUM increase by 1% in February

03/09/2023 15:23 • Blockchain Buzz • 130 views

It is reported that Fineqia International’s analysis of global exchange-traded products (ETP) based on cryptocurrency showed that the value of assets under management (AUM) increased by 1% in February, while the market value of cryptocurrency increased by 1.5% in the same period. According to Fineqia Research, from February 1 to March 1, the total amount of cryptocurrency ETP AUM increased from $27.7 billion to $28 billion. The total number of ETPs listed decreased from 164 to 155. Bitpanda GmbH in Austria stopped trading five ETPs, and ETC Group in the UK closed four ETPs. ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).

Report: The asset management scale of the products traded on the global cryptocurrency exchange rose slightly in February

Analysis based on this information:

Fineqia International has reported that the assets under management (AUM) for exchange-traded products (ETPs) based on cryptocurrency increased by 1% in February. However, the market value of cryptocurrency saw a slightly higher increase of 1.5% during the same period. This suggests that investors are becoming more confident in cryptocurrency-based ETPs as they continue to perform positively.

Fineqia Research further revealed that the total AUM for cryptocurrency ETPs rose from $27.7 billion to $28 billion from February 1 to March 1. Despite this, the total number of ETPs listed decreased from 164 to 155, with Bitpanda GmbH in Austria halting trading for five ETPs and ETC Group in the UK closing down four ETPs.

ETPs refer to Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs), which are traded on stock exchanges like traditional stocks. ETFs are funds that hold assets such as stocks or bonds and aim to track a specific index, while ETNs are unsecured debt securities that represent the performance of a specific underlying index or benchmark.

This report on cryptocurrency ETP performance suggests that the crypto market is continuing to gain traction among institutional investors. ETPs offer a more secure and familiar investment vehicle compared to buying cryptocurrency directly on crypto exchanges, making it easier for investors to diversify their portfolios with crypto assets.

Furthermore, the positive growth in AUM for cryptocurrency ETPs in February indicates that investors are confident in the performance of these products, especially as they continue to outperform the underlying cryptocurrency market.

In conclusion, this report highlights the growing popularity of cryptocurrency ETPs and the increasing confidence that investors have in them. As institutional involvement in the crypto market continues to grow, ETPs are likely to play a significant role in offering investors a familiar and secure option for investing in crypto assets.

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Cryptocurrency ETP AUM increase by 1% in February

Report: The asset management scale of the products traded on the global cryptocurrency exchange rose slightly in February

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