Fineqia International, a leading digital asset and fintech investment firm, announced that its analysis of global exchange-traded products (ETPs) backed by digital assets showed a 53% increase in total assets under management (AUM) compared to the previous year. . This is a period of time to date (YTD) that continues to be of interest to investors. On a quarterly basis, total AUM decreased 13% in the third quarter after increasing 67% and 5% in the first and second quarters, respectively.
To date, total AUM has grown slowly at 45%, showing an 18% premium growth compared to the underlying value of digital assets. Total AUM in September increased 1%, from $30.2 billion to $30.5 billion. In the same month, the market value of digital assets increased 7%, from $1.08 trillion to approximately $1.15 trillion.
“Bitcoin rose in September, which contrasts with price declines in the same months in recent years and the monthly declines in September this year for many traditional assets such as global bonds, U.S. Treasuries and S&P 500 stocks,” said Fineqia CEO Bundeep Singh Rangar. He said. “This gave investors a way to offset a difficult market.”
Bitcoin (BTC) price increased 4% from $26,000 recorded on August 31 to $27,000 in September. AUM of ETPs holding BTC increased 1.8% from $21.3 billion to $21.7 billion. Since the beginning of the year, the AUM of ETPs holding BTC has increased by 59.7%, despite the 12.7% decline recorded in the third quarter. BTC prices mirrored this closely, falling 11.4% during the third quarter.
During September, the value of Ethereum (ETH) rose 1.8% from $1,646 recorded at the end of August to $1,675. Ethereum (ETH)-denominated ETP AUM was $6.7 billion on September 30, down 0.6% from $6.8 billion a month ago. Quarterly, the AUM of ETPs holding ETH decreased by 14.2%. Similarly, the price of ETH also fell by 13.3%. Since the beginning of the year, the total AUM of ETPs holding ETH has increased by 35.4%.
ETPs, which represent a diverse basket of cryptocurrencies, fell 3.2% in AUM in September, with a total decline of 11.5% in the third quarter. Despite this decline, the basket ETP grew AUM by 32% YTD.
ETP, which represents the alternative coin index, increased 2.3% in September from a 14.2% decline in the third quarter. To date, ETPs holding individual altcoins have seen the weakest growth compared to other digital asset categories, with AUM increasing by 9.5%.
ETPs include exchange-traded funds (ETFs) and exchange-traded notes (ETNs). Fineqia Research’s AUM calculation factors affect the launch or termination of an ETP during the stated period. The number of ETPs tracked was 169 as of the end of September, a slight increase from 162 at the beginning of the year. All references to prices are in USD and cryptocurrency prices are provided by CoinMarketCap. The ETP and ETF AUM data referenced in this announcement was sourced from Fineqia’s dedicated in-house research department, including 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., and Morningstar, Inc. and TrackInSight SAS.
Fineqia (www.fineqia.com) is a digital asset business that builds and targets investments in early- and growth-stage technology companies that will be part of the next generation of the Internet. We also provide a platform to support and manage the issuance of debt securities in the UK. Listed in Canada (CSE: FNQ) and with offices in Vancouver and London, Fineqia’s investment portfolio includes leading companies in tokenization, blockchain technology, NFTs, AI and fintech.