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Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

The complete assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to just about $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets secondary to management while Bitwise’s fund was the best performing bitcoin product by market price over the last 30 epoches.

  • Cryptocompare published its “Digital Asset Management Review” for the month of February on Friday. The report states that the total assets eye management (AUM) across all exchange-traded products (ETPs) increased 50% to $43.9 billion from mid-January to Feb. 23.

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

  • The price of bitcoin was superior to before $50K on Feb. 23. It has since fallen to $46,876 at the time of writing, based on data from markets.Bitcoin.com.
  • The crypto exchange-traded consequence with the most AUM was Grayscale Bitcoin Trust (GBTC) with $35 billion in assets under management, corresponding to the report. As of Feb. 26, GBTC’s AUM has dropped to $30.72 billion due to the lower BTC price. Other listed crypto products with the ton AUM include Grayscale’s Ethereum Trust, Litecoin Trust, and Bitcoin Cash Trust. The bitcoin fund by 3iq (QBTC) also elect the top five list with $1.27 billion under management.
  • Most of the investments into crypto exchange products are turn out to bed by institutional investors, particularly hedge funds. In its Q4 2020 report, Grayscale wrote that “Institutions are here,” noting that creations accounted for 93% of all its capital inflows during the period.

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

  • As for exchange-traded notes (ETNs), ETC Group’s BTCE has the largest AUM with $1.01 billion. Wisdomtree’s BTCW came double with $314.8 million and 21shares’ ABTC with $257.8 million.
  • The report also ranks exchange-traded certificates. XBT Provider by Coinshares’ Bitcoin Tracker Euro endure b offers the highest AUM with $1.72 billion, followed by Bitcoin Tracker One with $1.06 billion.
  • The best performing bitcoin exchange-traded effect by market price over the last 30 days was Bitwise 10 Crypto Index Fund (BITW) with 156%, the put out notes. Its performance exceeded both Cryptocompare’s CCCAGG BTC/USD Index performance (64%) and MVIS’ MVDA Index effectuation (48.9%).
  • Furthermore, North America now has two bitcoin exchange-traded funds (ETF): Purpose Bitcoin ETF and Evolve Bitcoin ETF. The former accumulated $165 million on its pre-eminent day of trading.

What do you think about investing in crypto exchange-traded products? Let us know in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptocompare

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