BitMEX values the total amount of assets in already launched crypto ETPs at $50,3 billion
As of the end of the year, 145 such products have been launched worldwide
26.12.2023 - 08:18
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What’s new? BitMEX exchange analysts have compiled a list of currently existing cryptocurrency exchange-traded products (ETPs). Thus, as of December 22, 145 such investment instruments have been launched worldwide, with $50,3 billion of client assets under management.
What else is known? The largest number of ETPs on the list uses bitcoin, Ethereum, Solana, or a basket of cryptocurrencies as the underlying asset. It also includes products based on other highly capitalized altcoins like ADA, XRP, DOT, AVAX, MATIC, ZEC, LINK, ALGO, XLM, UNI, XTZ, AAVE, and ATOM.
BitMEX has also listed exchange traded funds (ETFs) based on baskets of shares of companies in the blockchain technologies, metaverse and mining sectors.
The main issuers of all such products are investment companies that are currently awaiting approval to launch spot bitcoin ETFs from securities regulator SEC, including Grayscale, Bitwise, 21 Shares, Valkyrie, Invesco, VanEck, and BlackRock.
As BitMEX analysts write, the data collected can help form a picture of how much market share spot BTC ETFs will absorb and how much new capital they can raise.
Grayscale CEO: launching spot BTC ETFs will give bitcoin access to the $30 trillion market
Michael Sonnenschein also spoke about a meeting with SEC officials regarding the conversion of the GBTC bitcoin trust
SEC officials earlier allowed the possibility, in a closed-door meeting with investment firms, that some applications for spot BTC-ETFs could be approved in the first business days of next year.
According to Bloomberg analyst James Seyffart, 14 applications are awaiting approval.
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