The Managed Assets (AUM) of cryptocurrency exchange trading (ETP) products have risen to almost $ 44 billion, even as the transaction volume for these products decreased from the previous month.
According to CryptoCompare’s Digital Asset Management Review, assets under management across all crypto ETPs increased by 50% to $ 43.9 billion, despite a decrease in the transaction volume of these products. 37.8% to $ 936 million.
The report adds that even though bitcoin has just hit an all-time high of over $ 58,000, ETP volumes have fallen, with average daily transaction volumes from $ 936 million to $ 1.51 billion. The best performing bitcoin ETF was Bitwise’s Listed Trust Product (BITW) with 15% returns in 30 days, outperforming CryptoCompare’s CCCAGG BTC / USD index, up 64%.
BITW also outperformed the MVDA, an index by market capitalization that tracks the performance of the 100 largest cryptocurrencies by market cap, up 48.9 percent year-on-year. The most liquid exchange-traded products by trading volume include Grayscale’s Ethereum Classic Trust (ETCG), with 105.5% profits.
Grayscale’s Ethereum Trust (ETHE) product has reported underperforming other ETPs, achieving a 34.8% return in 30 days, almost 10% lower than CryptoCompare’s CCCAGG ETH / USD Index, up 44 % in the same period. The report points out that the top 15 ETPs by volume include Grayscale’s ETHE trust fund, XBT Provider’s ETH market, and 3iQ’s Bitcoin Fund (QBTC).
Since last month, the market premium of these products has fallen sharply. The report notes that 3iQ’s QBTC-U Bitcoin Fund is even trading at an 11.1% discount from its net worth.