Digital asset ETPs reached a record $218 billion in assets under management, a trend Fineqia International attributes to the approval of spot Bitcoin ETFs in the US and the crypto market's strength since early 2024. Bitcoin ETPs experienced renewed inflows in September after a brief dip, while Ethereum ETPs maintained steady demand, signaling expanding institutional confidence beyond Bitcoin. Altcoin ETPs, led by Solana and Binance Coin (BNB), surged nearly 37% in September, with the overall demand for digital asset ETPs expected to continue growing, attracting longer-term investors despite market volatility.
Digital asset ETPs achieved a record $218 billion in assets under management last month, marking the third consecutive month above $200 billion, driven by the US spot Bitcoin ETF approval in January 2024 and overall crypto market strength. This sustained institutional appetite reflects increasing confidence and broader investor exposure to the asset class. Bitcoin ETPs saw renewed inflows in September, following a brief monthly dip, with AUM rising over 6% against a 5% price increase, indicating strong net institutional demand. Ethereum ETPs also maintained steady demand despite price pullbacks, suggesting investors are expanding exposure beyond Bitcoin. Altcoin ETPs surged nearly 37% in September, led by Solana in AUM and Binance Coin (BNB) in performance, fueled by growing Ethereum interest. Fineqia anticipates continued momentum, attracting longer-term investors, despite market volatility, as historical data shows no significant pause in demand.
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