According to data from Fineqia, total assets under management of crypto exchange-traded products (ETPs) are up 91% year-to-date, outperforming underlying assets by 30%.
Fineqia’s research includes a total of 168 currently issued cryptocurrency ETPs, based on ETP AUM data from 21Shares, Grayscale Investment, VanEck Associates and other sources.
According to Fineqia statistics, the asset management scale of cryptocurrency ETP reached US$38 billion in October, soaring 25% month-on-month, reaching the highest level since May 2022.
The total cryptocurrency market capitalization also rose by 17% in October, soaring from $1.15 trillion to $1.35 trillion.