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![Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Surge 50% to $44 Billion This Month](https://news.bitcoin.com/wp-content/uploads/2021/02/etp1-768x432.jpg)
The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscaleâs bitcoin trust tops the list with the most assets under management while Bitwiseâs fund was the best performing bitcoin product by market price over the last 30 days.
- Cryptocompare published its âDigital Asset Management Reviewâ for the month of February on Friday. The report states that the total assets under management (AUM) across all exchange-traded products (ETPs) increased 50% to $43.9 billion from mid-January to Feb. 23.
- The price of bitcoin was above $50K on Feb. 23. It has since fallen to $46,876 at the time of writing, based on data from markets.Bitcoin.com.
- The crypto exchange-traded product with the most AUM was Grayscale Bitcoin Trust (GBTC) with $35 billion in assets under management, according to the report. As of Feb. 26, GBTCâs AUM has dropped to $30.72 billion due to the lower BTC price. Other listed crypto products with the most AUM include Grayscaleâs Ethereum Trust, Litecoin Trust, and Bitcoin Cash Trust. The bitcoin fund by 3iq (QBTC) also made the top five list with $1.27 billion under management.
- Most of the investments into crypto exchange products are made by institutional investors, particularly hedge funds. In its Q4 2020 report, Grayscale wrote that âInstitutions are here,â noting that institutions accounted for 93% of all its capital inflows during the period.
- As for exchange-traded notes (ETNs), ETC Groupâs BTCE has the largest AUM with $1.01 billion. Wisdomtreeâs BTCW came second with $314.8 million and 21sharesâ ABTC with $257.8 million.
- The report also ranks exchange-traded certificates. XBT Provider by Coinsharesâ Bitcoin Tracker Euro holds the highest AUM with $1.72 billion, followed by Bitcoin Tracker One with $1.06 billion.
- 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 Cryptocompareâs CCCAGG BTC/USD Index performance (64%) and MVISâ MVDA Index performance (48.9%).
- Furthermore, North America now has two bitcoin exchange-traded funds (ETF): Purpose Bitcoin ETF and Evolve Bitcoin ETF. The former accumulated $165 million on its first day of trading.
What do you think about investing in crypto exchange-traded products? Let us know in the comments section below.
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