Global Digital Asset-Based Exchange Traded Products AUM Reaches All-Time High of $150 Bn; 3X YTD

Rhea-AI Summary

Fineqia International reports that global Exchange Traded Products (ETPs) with digital assets as underlying collateral reached a new all-time high of $150 billion in November 2024, more than tripling from $49.5 billion at the start of the year. The growth was primarily driven by Donald Trump's presidential election win and the success of Bitcoin Spot ETFs.

Bitcoin ETPs' AUM grew 49.6% to $124.4 billion in November, while Ethereum ETPs rose 44% to $14.9 billion. Alternative coin ETPs saw significant growth, with XRP ETPs increasing 553.2% to $627.9 million. The overall digital asset market capitalization reached a record $3.57 trillion, surpassing its previous high of $3.07 trillion from November 2021.

Positive

• Record-breaking AUM of $150 billion in digital asset ETPs, tripling YTD
• Bitcoin ETPs AUM reached $124.4 billion, up 249.7% YTD
• Ethereum ETPs AUM grew to $14.9 billion, up 57.5% YTD
• Strong institutional demand with $30.7 billion net inflows into Bitcoin Spot ETFs
• Alternative coin ETPs showed exceptional growth, with XRP ETPs up 553.2%

Negative

• None.

London, United Kingdom--(Newsfile Corp. - December 9, 2024) - Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA) (the "Company" or "Fineqia"), a digital asset and investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral revealed Assets Under Management (AUM) reached a new all-time high (ATH) of $150 billion in November, buoyed by U.S. presidential election results, more than tripling in value from $49.5 billion at the beginning of the year.

The growth of ETPs, which include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) outpaced the broader digital asset market with AUM soaring 202.6% year-to-date (YTD). That broke its previous record of $100.5 billion set only a month earlier in October, notching a 49.2% monthly increase.

The overall market capitalization of digital assets also set a record, surpassing the previous high of $3.07 trillion in November 2021. It grew 40.7% in November to $3.57 trillion from $2.54 trillion in October. On a YTD basis, the value of digital assets more than doubled from $1.77 trillion at the end of 2023.

"The change at the top of the world's biggest economy toward a crypto friendly President marks a watershed moment for the future of digital assets," said Fineqia's CEO Bundeep Singh Rangar. "It signals accelerated adoption of such assets with changes expected in U.S. enforcement, legislation and regulation. This is having a ripple effect on a plethora of cryptocurrencies that are traded worldwide around the clock."

The surge in values can be attributed to Donald Trump's win in the Nov. 5 U.S. presidential election, who has signaled sweeping changes in favor of digital asset legitimization and utilization. The crypto market also enjoys the tailwind from the debut of Bitcoin (BTC) Spot ETFs in January, which have attracted net inflows of approximately $30.7 billion. In November, Ethereum (ETH) ETPs and major altcoin ETPs attracted new net inflows.

In November, the price of BTC rose 37.2% to $96,485 from $70,350. During the same period, the AUM of BTC ETPs grew by 49.6%, reaching $124.4 billion from $83.2 billion. This surpassed the previous ATH recorded in October and crossed the $100 billion AUM milestone for the first time.

Year-to-date, BTC's price has risen 128.1% to $96,485 from $42,290 at the end of 2023. During the same period, BTC ETPs' AUM surged 249.7% to $124.4 billion from $35.6 billion. This reflects a 94.9% premium in ETPs holding BTC relative to the underlying asset, highlighting the top cryptocurrency's substantial weighting in ETP premiums throughout 2024.

Ethereum (ETH) recorded a 47.2% price increase in November to $3,711 from $2,521 at October's close. During the same period, the AUM of ETH ETPs rose by 44%, growing to $14.9 billion from $10.3 billion. ETH's price increased 63% YTD from $2,277 at the end of 2023, while the AUM of ETH ETPs grew 57.5% to $14.9 billion from $9.4 billion.

For the first time, the cumulative net flow of ETH spot ETFs turned positive in November, with net inflows totaling $573 million since inception. Nearly $1.1 billion in flows were recorded in November alone, driven primarily by strong demand in the U.S.

ETPs representing a diversified basket of cryptocurrencies experienced a 38% rise in AUM during November, growing to $4.5 billion from $3.26 billion. The AUM of these ETPs have doubled YTD from $2.25 billion at the start of 2024.

The AUM of ETPs tracking an index of alternative coins grew 64.8% in November reaching $6.02 billion from $3.65 billion in October. The AUM for ETPs holding alternative coins has increased by 169.7% YTD from $2.23 billion.

Remarkably, ETPs holding Ripple (XRP) as the underlying asset increased 553.2% in AUM during November, rising to $627.9 million from $96.1 million at the end of October. Other prominent altcoins also recorded increases, with ETPs holding Cardano (ADA) AUM growing 228.7%, Algorand (ALGO) AUM rising 255.8%, and Sui (SUI) AUM surging 373.1%.

Fineqia Research's AUM calculation factors in the launch or closure of ETPs during any stated period. The number of tracked ETPs stood at 232 as of the end of November.

All references to price are quoted in USD, and the cryptocurrency prices are sourced from CoinMarketCap and CoinGecko.

The ETP and ETF AUM data referenced in this announcement were compiled from reputable sources, including 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., Morningstar, Inc., and TrackInSight SAS, by Fineqia's dedicated in-house research department.

About Fineqia International Inc.

Fineqia (www.fineqia.com) is a digital asset business that builds and targets investments in early and growth stage technology companies that will be part of the next generation of the Internet. Publicly listed in Canada (CSE: FNQ) with quoted symbols on the Nasdaq and the Frankfurt Stock Exchange, Fineqia's portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, NFTs, AI, and fintech. Fineqia's VC fund in formation, Glass Ventures, backs category-defining Web 3.0 and Web 4.0 companies built by world-class entrepreneurs. https://twitter.com/FineqiaPlatform and https://www.linkedin.com/company/fineqia/.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Katarina Kupcikova, Marketing & Communications Manager
E. katarina.kupcikova@fineqia.com
T. +44 7806 730 769

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. Crypto assets are generally unregulated, subject to sudden and significant changes in value and carry a high risk of total loss of the investment. As these are unregulated assets, investors are unlikely to have recourse to any regulatory protections or access to investor compensation schemes. If you are unsure as to the appropriateness of these assets for your circumstances, you should take independent financial and legal advice. Fineqia Inc. is not a crypto asset exchange and is not registered with any Authority as such. This material is general economic commentary and does not constitute a recommendation to buy, sell or otherwise transact in any of the assets discussed.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232997

FAQ

What is the current AUM of digital asset ETPs according to Fineqia (FNQQF)?

According to Fineqia's analysis, global digital asset ETPs reached an all-time high AUM of $150 billion in November 2024, tripling from $49.5 billion at the start of the year.

How much did Bitcoin ETPs grow in November 2024 as reported by Fineqia (FNQQF)?

Bitcoin ETPs AUM grew by 49.6% in November 2024, reaching $124.4 billion from $83.2 billion.

What was the performance of Ethereum ETPs in November 2024 according to Fineqia (FNQQF)?

Ethereum ETPs AUM rose by 44% in November 2024, growing to $14.9 billion from $10.3 billion.

How many digital asset ETPs were tracked by Fineqia (FNQQF) as of November 2024?

Fineqia tracked 232 digital asset ETPs as of the end of November 2024.