Worldwide Crypto Based Exchange Traded Products AUM Rose 7.5% in October
Worldwide Crypto Based Exchange Traded
Products AUM Rose 7.5% in October
London, UK -- November 08, 2022 -- InvestorsHub NewsWire --
Fineqia International Inc.'s (the "Company" or "Fineqia") (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) analysis of
Global Exchange Traded Products (ETPs) with cryptocurrencies as
underlying assets, revealed a 7.5% increase in the Assets Under
Management (AUM) value during the month of Oct., closely mirroring
the 7% rise in the cryptocurrency market value during the same
The total AUM increased to $25.3 billion from $23.5 billion
between Oct. 1 and Nov. 1 across 159 listed ETPs, according to
Fineqia Research. The ETPs include Exchange Traded Funds (ETFs) and
Exchange Traded Notes (ETNs). The overall value of cryptocurrencies
rose 7% to above $1 trillion in Oct. It remained, however, less
than half of its Jan. peak value of $2.2 trillion.
On a year-to-date (YTD) basis, the AUM of crypto ETPs decreased
57%, similar to a 54% drop in the broader crypto market. Despite a
46% increase in the number of ETPs to 159 in Oct. compared with 109
in Jan., their overall AUM was $25.3 billion compared with $58.5
billion in Jan. The price of Bitcoin dropped by 56%, while Etherum
decreased by 57% during the Jan-Oct. 2022 period.
"The price of cryptocurrencies remains the pole star," said
Fineqia CEO Bundeep Singh Rangar. "It's the sole driver of ETP AUM
values at the moment, not capital inflows or new product
ETPs holding Bitcoin (BTC) rose 5% to $16.8 billion from $16
billion in the month of Oct. That was similar to the 7%
increment in the BTC price, which reached about $20,600 on Nov. 1
compared with $19,300 a month earlier. ETPs representing
alternative coins increased 4% and those with a basket of
cryptocurrencies rose 8%.
The AUM of Ethereum (ETH) denominated ETPs increased the most at
16%, piggybacking the cryptocurrency's price rise of 21% to almost
$1,600 from $1,300. Their AUM grew to $6.5 billion from $5.4
All references are in US dollars and all cryptocurrency prices
are sourced from CoinMarketCap.
All ETFs and ETPs AUM were compiled from publicly available
sources, such as 21Shares AG, Grayscale Investment LLC, VanEck
Associates Corp., MorningStars, Inc., and TrackInSight SAS by
Fineqia's in house research department.
About Fineqia International Inc.
Fineqia (www.fineqia.com) is a listed entity in Canada
(CSE: FNQ), US (OTC: FNQQF) and Europe (Frankfurt: FNQA).
Fineqia's strategic focus has been to provide a platform and
associated services to support securities issuances and manage
administration of debt securities. Fineqia is building out its
alternative finance business and holds a growing portfolio of
blockchain, fintech and cryptocurrency technology companies
FOR FURTHER INFORMATION, PLEASE CONTACT:
Katarina Kupcikova, Analyst
T. +44 7806 730 769
Bundeep Singh Rangar, CEO
T. +1 778 654 2324
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