• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Bitcoin and Ethereum ETPs Now Hold $2.5 Billion

10/12/2020 16:37
No comments
Deutsche Bourse stock market

Exchange Traded Products (ETPs) catering to bitcoin and ethereum have ballooned this month according to Digital Asset Research.

The oldest of them, XBT Provider, has some $1.5 billion in assets under management, a significant increase from $1 billion earlier this year.

Just their bitcoin euro tracker now has $800 million, with their Swedish Krona (SEK) bitcoin stock product holding $460 million.

Bitcoin and ethereum ETP stats, Dec 2020
Bitcoin and ethereum ETP stats, Dec 2020

For ethereum their euro and SEK tracker has now risen to nearly $400 million, a doubling from earlier this year.

That makes XBT one of the biggest entrance to bitcoin and eth in Europe primarily because it was the first to launch an ETP for the two cryptos.

The second biggest is 3iQ’s QBTCU, handling some $320 million just months after launching on the Toronto Stock Exchange as an exchange traded bitcoin fund.

That makes it a very fast rise, with QETH.U to go live tomorrow having raised $75 million already.

Third biggest is BTCE which also launched just this summer on Germany’s biggest stock exchange, Deutsche Boerse.

They now hold $175 million worth of bitcoin, with these ETPs usually fully backed by the underlying crypto.

The slightly older Wisdom Tree is fourth with $107 million, leaving the 21Share products as fifth.

Just last year the above table would have been quite empty with just XBT Provider, but numerous products have launched this year to cater to stock investors, so increasing their assets under management to $2.5 billion.

In America there’s still just GrayScale, which has nonetheless risen to $12 billion in assets under management, mostly in bitcoin at $10.2 billion and some $1.6 billion in ethereum.

Making it a combined $15 billion in bitcoin and ethereum stocks, or just 3% the current crypto market cap of $540 billion.

Suggesting there’s a lot more to go for institutional investors where this space is concerned, with a JP Morgan analyst saying they’ve only begun.

Related Posts

Arbitrum opening price, March 2023

Arbitrum Gifts $1.7 Billion to the Public

Bitcoin art, March 2023

Stocks Jump 2%, Bitcoin Close to Touching $29,000

Coinbase Dives 15%

Goldman Sachs and JP Morgan Can’t Survive Bank Run Says NBER Paper, Fail Stress Test

Load More
  • Trending
  • Comments
  • Latest
The National Bureau of Economic Research

Goldman Sachs and JP Morgan Can’t Survive Bank Run Says NBER Paper, Fail Stress Test

Paul Grewal, Coinbase's Chief Legal Officer

We Asked SEC to Register, They Sent Us a Wells Notice Says Coinbase

NY District Court

XRP Hypes Ahead of Court Decision

Bitcoin and asset prices dive, March 2023

Bitcoin and Stocks Dip on Fed Hikes, But is it a Fakeout?

Arbitrum opening price, March 2023

Arbitrum Gifts $1.7 Billion to the Public

Bitcoin art, March 2023

Stocks Jump 2%, Bitcoin Close to Touching $29,000

Brian Armstrong getting ready for court. The words are a joke, but the picture is him for real, March 2023

Coinbase Dives 15%

The National Bureau of Economic Research

Goldman Sachs and JP Morgan Can’t Survive Bank Run Says NBER Paper, Fail Stress Test

Comments

Latest News

  • Arbitrum Gifts $1.7 Billion to the Public
  • Stocks Jump 2%, Bitcoin Close to Touching $29,000
  • Coinbase Dives 15%

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

(You have to be a paid subscriber)

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?