THELOGICALINDIAN - Cryptocompare the close that provides institutional and retail investors with realtime and actual cryptocurrency abstracts has appear the firms November 2024 Digital Asset Management Review The address covers crypto exchangetraded articles ETPs and contempo allegation appearance another crypto asset advance articles are outperforming Bitcoin ETPs
Ethereum-Based Investment Product Trade Volumes Increase
Every ages Cryptocompare publishes a analysis address that covers the cryptocurrency advance artefact landscape. The advance articles are ETPs tethered to today’s top crypto assets globally such as Grayscale’s GBTC and ETHE funds. Cryptocompare’s Digital Asset Management Review November address explains that ETPs angry to ethereum (ETH), litecoin (LTC), and solana (SOL) saw bigger allotment during a 30-day time anatomy catastrophe on November 19.
“The majority of AUM for assurance articles continues to abide in Grayscale’s Bitcoin (GBTC – $38.1bn – bottomward 10.1% back October) and Ethereum (ETHE – $12.9bn– up 3.6%) products,” Cryptocompare’s report discloses. “ETC Group’s BTCE artefact regained the position of accomplished AUM ETN/ETF artefact with a accretion of 1.2% to $1.5bn. This was followed by Purpose’s Bitcoin ETF (BTCC) and 3iQ Coinshares’ Bitcoin ETF (BTCQ) which fell 6.5% and 10.1% to $1.4bn and $1.2bn respectively,” the Cryptocompare advisers add.
Aggregate of Crypto-Based ETP Daily Trade Volumes Slid by 13% — Litecoin and Solana ETPs Outperform Bitcoin Investment Products
The analysis highlights that overall, crypto-based ETP circadian volumes slid by 13% but accepted ETH-based ETP aggregate rose. “Average circadian trading volumes beyond all agenda asset advance artefact types fell by an boilerplate of 13% from October to $732mn/day,” the abstraction highlights. Cryptocompare’s address addendum that Bitcoin-based advance articles “performed poorly,” while LTC and SOL-based ETPs did well. Grayscale’s bassinet armamentarium which contains some of the better bazaar cap bill alternate -15.5%, Cryptocompare detailed.
“BTC-based advance articles about saw abrogating allotment in November, led by ETC Group’s BTCE artefact which alternate -13.1%. Similarly, Grayscale’s GBTC assurance alternate -10.2%,” Cryptocompare’s November abstraction explains. “The best assuming advance artefact was Valour’s BTCZERO product, which alternate -6.6%. On the added hand, another coins-based articles saw absolute allotment throughout the month, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which alternate 22.0% and 14.9% respectively,” Cryptocompare’s address concludes.
What do you anticipate about the bitcoin advance products’ performances compared to another crypto asset ETP bazaar performances? Let us apperceive what you anticipate about this accountable in the comments area below.
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