Global Crypto Based Exchange Traded Products AUM Sept. Monthly and YTD Change
Fineqia International's analysis reveals a significant 7.5% decline in the Assets Under Management (AUM) of global cryptocurrency Exchange Traded Products (ETPs) during September, dropping to $23.5 billion from $25.4 billion. Year-to-date, AUM decreased by 60% from $58.5 billion in January. The cryptocurrency market cap was under $1 trillion, reflecting pressures from rising interest rates and inflation. ETPs with Bitcoin and Ethereum saw notable declines of 4% and 16%, respectively, correlating with price drops of 4% for Bitcoin and 17.3% for Ethereum in September.
- None.
- 7.5% decline in global cryptocurrency ETP AUM in September.
- AUM decreased to $23.5 billion from $25.4 billion.
- Year-to-date AUM dropped 60% from $58.5 billion.
- Cryptocurrency market cap fell below $1 trillion.
- Bitcoin ETPs declined 4% to $16 billion.
- Ethereum ETPs dropped 16% to $5.6 billion.
- Price of Bitcoin dropped 4% and Ethereum 17.3% in September.
LONDON, Oct. 11, 2022 /PRNewswire/ - Fineqia International Inc.'s (the "Company" or "Fineqia") (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) analysis of Global Exchange Traded Products (ETPs) that have cryptocurrencies as underlying assets, revealed a drop of
Total AUM declined to
On a year-to-date (YTD) basis, the AUM of crypto ETPs dropped to
"Unsurprisingly, the crypto ETP market largely tracked the underlying crypto market this past month," said Fineqia CEO Bundeep Singh Rangar. "The macroeconomic environment and geopolitical developments are likely to continue to influence demand for and prices of cryptoassets."
ETPs holding Bitcoin (BTC) declined
Ethereum (ETH) denominated ETPs dropped by
On a Year to Date (YTD) basis, the value of crypto asset denominated ETPs declined more than the broader cryptocurrency market in 2022. While total AUM decreased
All references to dollars are to US dollars.
All cryptocurrency prices are sourced from CoinMarketCap.
All ETFs and ETPs AUM were compiled from publicly available sources, such as 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., MorningStars, Inc., and TrackInSight SAS by Fineqia's in house Research Department.
Fineqia is a listed entity in the Canada (CSE: FNQ), US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia's strategic focus has been to provide a platform and associated services to support securities issuances and manage administration of debt securities. Fineqia is currently building out its alternative finance business and it currently holds a growing portfolio of blockchain, fintech and cryptocurrency technology companies worldwide.
For more information, visit www.fineqia.com
FORWARD-LOOKING STATEMENTS
Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws.
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SOURCE Fineqia International Inc.
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