A New Dawn in Digital Assets: Skyrocketing AUM Growth in Exchange Traded Products Revealed

July 21, 2023

Key Takeaways

  1. Fineqia International reports a 76% increase in Assets Under Management (AUM) of global Exchange Traded Products (ETPs) backed by digital assets for the year-to-date (YTD) period of 2023.
  2. There has been a 10.7% increase in AUM for digital assets from $31.7 billion to $35.1 billion in June 2023.
  3. The price rise of Bitcoin, the principal digital asset underpinning ETPs, along with strong capital inflows, have contributed significantly to the increase.
  4. Eight filings in the US for spot BTC Exchange Traded Funds (ETFs) signal a resurgence of interest from financial institutions.
  5. The number of ETPs tracked by Fineqia stood at 154 as of the end of June 2023.

About Fineqia International Inc.

Fineqia International Inc., publicly listed in Canada, is a dynamic player in the fintech sector. With a keen eye for identifying promising technology companies, Fineqia has made its mark in the digital asset space, transforming the face of the Internet with its robust investments. Fineqia’s multi-faceted portfolio ranges from businesses revolutionizing tokenization, blockchain technology, and non-fungible tokens (NFTs) to artificial intelligence (AI) innovations and fintech solutions.

The company also extends its support and management expertise in the issuance of debt securities in the United Kingdom. Fineqia maintains a strong presence in Vancouver and London, leveraging its broad network and investment acumen to accelerate growth in the digital asset business.

The Surge in AUM: A Closer Look

Fineqia’s latest report unravels a significant upward trend in the total AUM of ETPs backed by digital assets. The study reveals a 76% surge in AUM YTD, which testifies to the increased investor confidence in the crypto space.

Contributing to this rise is the significant increase in Bitcoin’s price – the leading digital asset that underpins ETPs. Fineqia CEO Bundeep Singh Rangar shares, “It’s an upward trend so far this year, and that’s attracting capital.” He also highlights that “recent ETF filings in the US signals a revival of interest among financial institutions.”

The Role of Major Players

Fidelity Investments, Invesco, VanEck, 21Shares, and WisdomTree are among the key players leading the charge, with a total of eight filings for spot BTC ETFs in the US. BlackRock Inc. initiated this trend with its submission to the SEC on June 15, sparking renewed institutional interest in the crypto sector.

AUM Growth in Crypto: June’s Performance

June 2023 saw an impressive 10.7% growth in total crypto AUM, rising from $31.7 billion to $35.1 billion. During the same month, the overall value of crypto assets grew by 4.7%, signaling the robust health of the crypto market.

Bitcoin’s price rose by 12% in June, leading to a 14% increase in the AUM of ETPs holding Bitcoin. Ethereum’s value rose by 3%, a growth echoed by Ethereum-denominated ETPs, which saw a 3% rise in AUM.

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