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AUM for Digital Asset Exchange-Traded Products Surged 67% in Q1, 34% Higher Than YTD Asset Prices
Fineqia International Inc.’s analysis of global Exchange Traded Products (ETPs) with digital currencies as underlying assets, revealed a 67% increase in the value of Assets Under Management (AUM) during the first quarter of 2023. The cryptocurrency market value rose 50% during the same period, reflecting a 34% premium in ETP investment inflows and growth relative to crypto asset valuations.
Total crypto ETP AUM increased to $33.3 billion from $20 billion during Q1, while the overall value of cryptocurrencies rose to $1.19 trillion from $800 billion, according to Fineqia Research. The AUM increase was predicated on the year to date (YTD) rise in the prices of Bitcoin (BTC) and Ethereum (ETH), which increased 71% and 52% respectively, and accompanying capital inflows. Since ETPs holding BTC and ETH jointly account for 93% of digital asset ETP AUM, this high weighting lent itself to the significant rise in AUMs during Q1.
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