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Total assets under management across all crypto exchange-traded products have increased 50% this month to nearly $44 billion. Cryptocompare published the “Digital Asset Management Review” for the month of February on Friday. Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund has been the best performer by price in the prior 30 days.
- Cryptocompare published its “Digital Asset Management Review” for the month of February on Friday. It was above $50K on February 23.
- It has since been reduced to $46,876 after data from markets.Bitcoin.com's Bitcoin price data.The crypto exchange-traded product with the most AUM is Grayscale Bitcoin Trust (GBTC). This product currently manages $35 billion in Bitcoin assets. In the month of February, GBTC’s AUM is $30.72 billion due to a lower BTC price.Other crypto products with the most AUM are Grayscale’s Ethereum Trust, Litecoin Trust, and Bitcoin Cash Trust.
- Most investments in crypto exchange products are made by institutional investors, including hedge funds. The 3iq Bitcoin Fund (QBTC) also made the top 5 list with $1.27 billion under management. As of Feb. 26, GBTC’s AUM has dropped to $30.72 billion due to the lower BTC price. As for ETC Group’s BTCE, its AUM is the largest with $1.01 billion. Wisdomtree's BTCW and 21shares' ABTC ranked next, both with $314.8 million. ETFs are also ranked in the report.
- In terms of AUM, XBT Provider by Coinshares’ Bitcoin Tracker Euro has the highest with $1.72 billion, followed by Bitcoin Tracker One with $1.06 billion. Bitcoin Tracker One had the best performance over the last 30 days with a 156% gain. In its Q4 2020 report, Grayscale wrote that “Institutions are here,” noting that institutions accounted for 93% of all its capital inflows during the period.
- As for exchange-traded notes (ETNs), ETC Group’s BTCE has the largest AUM with $1.01 billion. I wonder what you think of crypto etfs accumulating $165 million on their first day of trading.
- Please share your thoughts in the comments below. ??
- The best performing bitcoin exchange-traded product by market price over the last 30 days was Bitwise 10 Crypto Index Fund (BITW) with 156%, the report notes. Its performance exceeded both Cryptocompare’s CCCAGG BTC/USD Index performance (64%) and MVIS’ MVDA Index performance (48.9%).
- Furthermore, North America now has two bitcoin exchange-traded funds (ETF): Purpose Bitcoin ETF and Evolve Bitcoin ETF. Bitcoin.com does not provide investment, tax, or legal advice.
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Disclaimer: At the time of writing, the Bitcoin price was $46,876. According to data from markets.Bitcoin.com, Grayscale Bitcoin Trust (GBTC) had the largest crypto ETP with $35 billion in assets under management. The crypto market’s total AUM has dropped to $30.72 billion as of Feb. 26 due to a lower bitcoin price. Bitcoin.com does not provide investment, tax, legal, or accounting advice. In addition, the Bitcoin fund managed by 3iq (QBTC) was ranked five with $1.27 billion under management. Most of the investments are made by institutional investors, especially hedge funds.
