{"id":109340,"date":"2021-01-22T17:01:23","date_gmt":"2021-01-22T17:01:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=109340"},"modified":"2021-01-22T17:01:23","modified_gmt":"2021-01-22T17:01:23","slug":"crypto-etp-capitalization-up-90-this-month-as-institutional-volume-triples","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/crypto-etp-capitalization-up-90-this-month-as-institutional-volume-triples\/","title":{"rendered":"Crypto ETP capitalization up 90% this month as institutional volume triples"},"content":{"rendered":"

Capital has flooded into crypto investment products in recent weeks, with the value of assets invested into crypto exchange-traded products, or ETPs, increasing by more than 90% in the last 30 days.<\/p>\n

The spike in the assets under management, or AUM, locked in crypto ETPs was noted in the latest report by Crypto Compare, which estimates that almost $36 billion is now invested in crypto ETPs \u2014 a 93.7% increase in one month.<\/p>\n

Grayscale\u2019s various trusts represent more than 83% of the sector\u2019s total AUM, with the firm\u2019s Bitcoin Trust housing $22.6 billion or 63% of all capital invested in crypto ETPs.<\/p>\n

Crypto Compare estimates that ETP volumes tripled during January,with aggregate daily volume pushing above $1.5 billion. Grayscale\u2019s products were found to represent 64% of the sector\u2019s volume, driving $972 million in daily trade.<\/p>\n

<\/p>\n

Despite Grayscale\u2019s dominant share of trade volume, its products were found to have underperformed the spot markets as the historic premium on Grayscale\u2019s shares fell by 8% during January.<\/p>\n

The AUM of Grayscale\u2019s Litecoin Trust grew 111% to tag $3.84 billion last month, sitting roughly 10% greater than the $3.47B managed by its Ethereum Trust.<\/p>\n

Less well known funds also saw significant growth, including 3iQ\u2019s Bitcoin Fund which saw a 43% jump in AUM to $3.47B.<\/p>\n

Trade volume for crypto Exchange-traded notes, or ETNs, nearly tripled over the month. ETC Group\u2019s BTCE product dominated ETN volumes with nearly $50 million in daily trade \u2014 representing more than two-thirds of total ETN volume. <\/p>\n

WisdomTree\u2019s BTCW\/USD was the second-most traded ETN with $7 million in daily volume after its trade activity increased more than 210%, followed by VanEck\u2019s Bitcoin Vectors with $5 million \u2014 owing to a nearly 500% jump in volume .<\/p>\n

Trading in exchange-traded certificates, or ETCs, more than doubled, with XBT Provider\u2019s Bitcoin Tracker Euro and Bitcoin Tracker One products representing more than half of combined ETC volume \u2014 driving $45.6 million and $34.9 million in respective daily trade.<\/p>\n

XBT provider\u2019s Ether-derived products are the next-most popular ETCs, with Ether Tracker One and Ether Tracker Euro pushing $18.2 million and $17.8 million respectively.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Capital has flooded into crypto investment products<\/p>\n","protected":false},"author":3,"featured_media":109339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCrypto ETP capitalization up 90% this month as institutional volume triples - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/crypto-etp-capitalization-up-90-this-month-as-institutional-volume-triples\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto ETP capitalization up 90% this month as institutional volume triples - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Capital has flooded into crypto investment products\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/crypto-etp-capitalization-up-90-this-month-as-institutional-volume-triples\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-22T17:01:23+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafoto1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvNjc4M2FhMjktM2JkNS00MTQxLWIyN2MtNWE3OWRjNDM1OGM3LmpwZw.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/crypto-etp-capitalization-up-90-this-month-as-institutional-volume-triples\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/crypto-etp-capitalization-up-90-this-month-as-institutional-volume-triples\/\",\"name\":\"Crypto ETP capitalization up 90% this month as institutional volume triples - 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