Fineqia International highlights record growth in digital asset ETPs
23.12.2024
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6:30
Fineqia International Analyst Matteo Greco joined Steve Darling from Proactive to share insight regarding the company's analysis of global Exchange Traded Products with digital assets as collateral. The findings revealed that Assets Under Management for these products reached a historic $150 billion in November, a more than threefold increase from $49.5 billion at the start of 2024. This growth was bolstered by market optimism surrounding U.S. presidential election results.
The company said ETP AUM grew 202.6% year-to-date, far outpacing the broader digital asset market. It rose by 49.2% in November alone, breaking the previous $100.5 billion record set in October. Bitcoin ETPs led the charge, with their AUM jumping 49.6% in November to $124.4 billion, driven by a 37.2% increase in BTC’s price, which reached $96,485.
The digital asset market surpassed its November 2021 high, reaching a total market capitalization of $3.57 trillion, a 40.7% increase from $2.54 trillion in October. Year-to-date, the market capitalization more than doubled from $1.77 trillion at the end of 2023. For the first time, Ethereum spot ETFs recorded positive cumulative net flows, with November net inflows of $1.1 billion, bringing total net inflows to $573 million since inception.
Greco noted that ETPs, including Exchange Traded Funds and Exchange Traded Notes, continue to attract significant investor interest, further cementing their role as a key vehicle for accessing the digital asset market. This growth reflects increasing institutional and retail demand for secure and accessible exposure to cryptocurrencies.
Looking ahead to 2025, Greco expressed optimism about the sector's potential, citing supportive market trends and technological adoption. He added that simplified access through financial products like ETPs is helping bridge the gap between traditional and digital finance.
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