Global AUM for crypto ETPs rose to $28 billion in February: Fineqia

by Arthur · March 11, 2023

2023-03-11 05:37:38 ET

The cryptocurrency market is experiencing yet another difficult patch as prices fall amid negative sentiment surrounding collapsed crypto-friendly banks Silvergate Bank and Silicon Valley Bank.

But the declines witnessed in March come after a slightly positive February where the total cryptocurrency market capitalization held above $1 trillion. The crypto exchange-traded products (ETPs) market also saw a slight increase in total value under management during the month, research from digital asset firm Fineqia shows.

Fineqia researchers gathered the data from publicly available sources, the firm noted. Companies whose data informed the research findings include, among others, 21Shares AG, VanEck Associates Corp. and Grayscale Investment LLC.

Here is a summary of the most important crypto statistics from the research:

Table of Contents

Crypto ETPs total value increased by 1% and reached $28 billion in February 2023

Per statistics shared by Fineqia with Invezz, the global value of the cryptocurrency ETPS (including crypto exchange-traded funds (ETFs)) increased by 1% during the month. According to the firm, the total value of Assets under Management (AUM) of all crypto ETPs increased from $27.7 billion to $28 billion between February 1, 2023 and March 1, 2023.

Global crypto market capitalization rose 1.5% in February, but was down 37% year-on-year

Compared to the global crypto ETPs, the global crypto market cap rose 1.5% in the same month to over $1.07 trillion. Despite February ending above $1 trillion, the total crypto market capitalization at the beginning of March 2023 showed a 37% decrease from the $1.7 trillion recorded on March 1, 2022.

The number of listed ETPs decreased from 164 to 155

As Fineqia Research data showed, February saw a decline in the number of exchange-traded products worldwide. Specifically, the total number of listed ETPs fell from 164 to 155. Two major providers Bitpanda GmbH and ETC Group suspended a total of 9 ETPs. Austria-based Bitpanda closed 5 ETPs, while UK-based ETC Group suspended four, with both companies removing ETFs and ETNs (exchange-traded notes). (ETNs).

AUM for Bitcoin-denominated ETPs rose 1% as price rose 3%

The price of Bitcoin ( BTC/USD ) briefly broke above $25,000 in February, before ending the month around $23,500 to register a 3% gain for the month. In comparison, AUM for all BTC-denominated ETPs rose 1%, from $19 billion to $19.2 billion.

Ethereum-Focused ETPs Rise 2.5%

ETPs holding Ethereum (ETH/USD) saw a 2.5% increase in global AUM, from $6.7 billion to $6.85 billion. This happened as the price of Ether rose 4.5% to around $1,650 by the end of the month. According to Fineqia, altcoin ETPs were broadly stable, while AUM for a basket of digital assets fell by 1%.

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