Crypto Exchange Traded Products (ETPs) are gaining traction – at least outside the US, according to Digital Asset Research (DAR). The company believes that ETPs or ETFs (Exchange Traded Funds) are ready for broader institutional adoption.
According to their data, ETPs based on crypto or affiliated with crypto firms (crypto adjacent) experienced an increase from May 2023 to June 2023. DAR states that
- ETC Group Physical Bitcoin ETF +46.67%
- Evolve Bitcoin ETF +43.24%
- Purpose Bitcoin ETF +37.95%
The top three with the highest amount of AUM are:
- ProShares Bitcoin Strategy ETF $1,088,339,000
- Purpose Bitcoin ETF $853,822,000
- ETC Group Physical Bitcoin $671,981,000
Of course, since digital asset ETFs holding crypto like Bitcoin are not yet legal in the US, domestic investors may not be able to access some of these products. Still, the recent flurry of filings to launch a Bitcoin ETF has caused some to predict the era of crypto ETFs is nearing.
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