Check out the latest research on crypto ETPs from listed digital assets and fintech investment businesses below. fine kia (CSE:FNQ).
Fineqia International, a leading digital asset and fintech investment business, reveals that its total crypto assets under management (AUM) increased by 5% in January after analyzing global exchange-traded investment products (ETPs) backed by digital assets. announced that it had been made. $49.5 billion to $52 billion.
In the same month, the market value of crypto assets decreased by 2.7% from $1.77 trillion to approximately $1.73 trillion. The difference between the growth in the operating balance of crypto asset ETPs and the market value of crypto assets is mainly due to the increase in capital due to the approval of the BTC spot ETF (exchange traded fund), which started trading on January 11 in the United States. It is. Inflow to virtual currency ETP.
The 10 BTC Spot ETF, featuring issuers such as Blackrock, 21Shares, and Grayscale, saw 9 new issuances in addition to the conversion of Grayscale Trust (GBTC) into an ETF. Nine newly issued products attracted approximately $6.9 billion in inflows in January, partially cushioned by net outflows from Grayscale ETFs. Nevertheless, total inflows in January were net inflows of over $1 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) has quickly become one of the top five ETFs of 2024 based on inflows, attracting $3.2 billion in the first 17 days since its inception on January 11, according to a report by Bloomberg Intelligence. The 10BTC ETF, which was approved in January, takes advantage of Google’s modified marketing rules that allow it to display ads that list “cryptocurrency coin trust” alongside search results such as “Bitcoin ETF.”
“The light turned green and (investor) traffic started moving,” Langer said, referring to the approval of the BTC spot ETF in the U.S., said Bandeep Singh, CEO of Finekia. “As trust in digital assets grows, more drivers are joining ETF Roadway.” ”
BTC price in January rose 2.5% to $43,300 from $42,300 at the end of last year. The balance under management of ETPs with BTC as the underlying asset increased by 6.8% to $38 billion in January from $35.6 billion at the end of December 2023. These numbers highlight the significant net inflows observed in January, especially after BTC Spot. ETF approval.
Ethereum (ETH) rose 3.9% to $2,365 in January from $2,277 at the end of December 2023. During the same period, ETH-denominated ETP assets under management increased by 1.9% to $9.6 billion from $9.4 billion on December 31, 2023.
Assets under management at ETPs, which represent a diverse basket of cryptocurrencies, were $2.17 billion during January, down 3.6% from $2.25 billion at the end of 2023.
ETP, an index of alternative coins, was valued at $2.22 billion in January, down 0.3% from $2.23 billion at the beginning of the year.
ETPs include exchange-traded funds (ETFs) and exchange-traded notes (ETNs). Fineqia Research’s AUM calculation takes into account the start or end of his ETP during the specified period. The number of ETPs being tracked was 180 at the end of January. All references to prices are in USD and cryptocurrency prices are sourced from CoinMarketCap and CoinGecko. The ETP and ETF AUM data referenced in this announcement was compiled by Fineqia’s dedicated in-house research department from trusted sources including 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., Morningstar, Inc., and TrackInSight SAS. It’s something.
