Partager cet article
Digital Assets Under Management in ETPs Rose 50% to $43.9B in February: Report
Even with the increase in AUM, average ETP volumes in February dropped 37.8% to $936 million.
Par Tanzeel Akhtar
Make us preferred on Google
Digital assets under management (AUM) for exchange-traded products (ETPs) doubled to $43.9 billion over the last month with the vast majority of assets residing in Grayscale’s Bitcoin trust (GBTC).
STORY CONTINUES BELOW
Ne manquez pas une autre histoire.Abonnez vous à la newsletter Crypto Daybook Americas aujourd. Voir toutes les newsletters
- In a report Friday, London-based data aggregator CryptoCompare said the majority of AUM for listed trust products continued to reside in Grayscale’s bitcoin trust, which has a value of $35 billion, up 54.8% since last month.
- The ETC Group’s BTCE has the largest AUM across all exchange-traded notes at $1.01 billion, up 108% since mid-January.
- The XBT Provider’s Bitcoin Tracker Euro product holds the highest AUM across all exchange-traded certificates and saw an increase of 21.8% to $1.72 billion, said the report.
- Even with the increase in AUM, average ETP volumes in February dropped 37.8% to $936 million.
- In terms of performance, Bitwise’s Listed Trust Product was the best performing bitcoin product by market price over the last 30-days, returning 156%.
- The second-best performing product includes Grayscale’s Ethereum Classic Trust product, which returned 105.5% over the same time period.
- CryptoCompare noted the premiums for Grayscale’s products and the 3iQ listed bitcoin products have dropped significantly from January.
- New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
Read more: Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product
Plus pour vous
'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant
Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.
Ce qu'il:
- Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates.
- A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners.
- Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.
Top Stories
