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Fineqia’s Global Crypto ETP AUM Statistics – YTD 2023
Fineqia‘s analysis of global Exchange Traded Products (ETP) with digital currencies as underlying assets, revealed the total Assets Under Management (AUM) increased by 66%, representing a 29% rise in their value vis-à-vis the broader digital asset market, which grew 51% in the four months this calendar year.
Year to date (YTD) AUM increased to $32.6 billion from $19.9 billion, while the digital asset market value rose to $1.2 trillion from $796 billion. During the month of April alone, total AUM decreased by 2% to $32.6 billion from $33.3 billion, while the overall value of cryptocurrencies remained stable at around $1.2 trillion.
“The rising AUM figures show a healthy appetite among investors so far this year for securities backed by digital assets,” said Fineqia CEO Bundeep Singh Rangar. “They had a chance to review their positions in April, ahead of the Fed’s interest rate decision on May 3.”
The price of Bitcoin (BTC) reached $29,200 on Apr. 30, a 2.5% increase from about $28,500 recorded on Mar. 31. In the same period, AUM of ETPs holding BTC decreased 2% to $22.6 billion from 23.2$ billion. Ethereum’s (ETH) price increased to $1,910 from about $1,825, a 4.7% rise in value in April. The AUM of Ethereum (ETH) denominated ETPs decreased 1.7% to $7.5 billion on Apr. 30, from $7.6 billion.
ETPs representing alternative coins decreased by 3.2%, and those with a basket of cryptocurrencies recorded growth during April, with a 1.3% increase in AUM.
The year-on-year data showed a 30% decrease in the total crypto market value compared with the $1.7 trillion on Apr. 30 last year.
ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs). Fineqia’s analysis is compiled from publicly available sources such as Grayscale Investment LLC and VanEck Associates Corp. With 155 digital asset backed ETPs tracked, Fineqia’s research department provides regular insights into the market.
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