Worldwide Digital Asset Based Exchange Traded Products AUM Grew 59% Year-To-Date
The AUM increase was at a 37% premium to the underlying value of digital assets, which grew slower at 43% since the beginning of the year.
- The AUM increase was at a 37% premium to the underlying value of digital assets, which grew slower at 43% since the beginning of the year.
- This can be attributed to the price rise of main digital assets that underpin ETPs such as Bitcoin and Ethereum vis-à-vis smaller alternative coins, as well as capital inflows into these listed products.
- Ethereum (ETH) denominated ETPs grew 1.6% increase in AUM, however, reaching $7.6 billion on May 31, compared with $7.5 billion a month earlier.
- ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).