The flow of capital into cryptocurrency investment products in recent weeks has increased the value of assets invested in cryptocurrency trading products, or ETP, by more than 90% in the past 30 days.
The increase in assets under management, or AUM, reserved in crypto ETPs was noted in the latest report from Crypto Compare, which estimates that nearly $ 36 billion has been invested in encrypting ETPs – an increase of 93.7% in one month. …
Grayscale diversified funds account for more than 83% of the sector’s total assets under management, and the company’s Bitcoin Trust owns $ 22.6 billion, or 63% of the total capital invested in ETP crypto.
Crypto Compare estimates that ETP volumes tripled in January, bringing the daily total to more than $ 1.5 billion. Grayscale products were found to account for 64% of the sector volume, resulting in $ 972 million in daily trade.
Total monthly ETP volume for cryptocurrencies: Compare cryptocurrencies
Despite trading volume dominating the gray scale, these products were found lagging behind the spot markets when the historic gray scale stock premium fell 8% in January.
Turnover in cryptocurrency notes, or ETNs, nearly tripled during the month. ETC Group’s BTCE producer dominated ETN volume with nearly $ 50 million in daily trade, which is more than two-thirds of the total ETN.
WisdomTrees BTCW / USD was the second most-traded ETN, at $ 7 million per day after increasing trading activity by more than 210%, followed by $ 5 million by VanEck’s Bitcoin Vectors due to a nearly 500% jump in volume.
Trading of exchange certificates, or ETCs, has doubled with the XBT Providers products, Bitcoin Tracker Euro and Bitcoin Tracker One, which account for more than half of the total ETC volume – $ 45.6 million and $ 34.9 million in their daily trades. .
The ether-based products from the XBT provider are the second most popular ETC product. Ether Tracker One and Ether Tracker make € 18.2 million and $ 17.8 million, respectively.