Global crypto exchange-traded product AUM surges 39% in January as crypto markets top $1 trillion

February 13, 2023 (Source) – Fineqia International Inc.’s (the “Company” or “Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) Global Cryptocurrency Underlying Exchange Traded Products (ETP) Analysis , revealed a 39% increase in Assets Under Management (AUM) value during the month of January, while cryptocurrency market capitalization increased by 33% over the same period, reflecting an 18% premium in ETP values ​​due to investment inflows and increase in value in relation to the overall valuation of crypto assets.

The market cap of cryptocurrencies passed $1 trillion for the first time since early November 2022, ending the month at $1.05 trillion, up from $800 billion in December. Year-over-year data shows a 37% decline in total cryptocurrency. market value compared to the total value of $1.7 trillion observed on February 1, 2022.

Total crypto ETP AUM increased to $27 billion from $20 billion between January 1 and February 1, according to Fineqia Research. Two new ETPs hit the market in January, bringing the total ETPs to 164 from 162 previously listed. The ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).

“It is encouraging to see a robust recovery in the market, given the challenges in 2022,” said Bundeep Singh Rangar, CEO of Fineqia. “With falling inflation and a slowdown in rate hikes, financial markets are finally getting some much-needed relief.”

The price of Bitcoin (BTC) reached around $22,800 on February 1st, a 38% increase to $16,600 recorded on January 1st. In the same period, AUM for ETPs holding BTC increased 41% to $19 billion from $13.5 billion.

During January, the price of Ethereum (ETH) increased to around $1,550 from $1,200, reflecting a 31% increase in value. AUM of Ethereum (ETH) denominated ETPs followed closely with a 35% increase to $6.7 billion on February 1st, from $5 billion on January 1st.

ETPs representing altcoins rose 37%, and those with a basket of cryptocurrencies rose 29%. Year-to-date data still shows a 40% decline in price for both Bitcoin and Ethereum, but the current price level is the highest recorded since July 2022 for BTC and September 2022 for ETH, highlighting the positive trend during January month. .

All price references are in USD and all cryptocurrency prices are sourced from CoinMarketCap.

Data referenced to ETP and ETF AUM was compiled from publicly available sources, including 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., MorningStars, Inc. and TrackInSight SAS by Fineqia’s internal research department.

About Fineqia International Inc.

Fineqia (www.fineqia.com) is a listed entity in Canada (CSE: FNQ), the United States (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia’s strategic focus has been to provide a platform and related services to support securities issues and manage the administration of debt securities. Fineqia is expanding its alternative finance business and has a growing portfolio of blockchain, fintech and cryptocurrency technology companies worldwide.

SOURCE Fineqia International Inc.