Crypto Exchange Traded Products Boom, Rising 95% Since December

Assets under management (AUM) across all crypto ETPs has risen 95% since December to $35.96 billion, according to a recent report.

The Digital Asset Management Review report, by research firm CryptoCompare, says that the majority of AUM for ETPs is in the Grayscale Bitcoin Trust (GBTC) — which increased its AUM by 93.7% in the past 30 days to $22.6 billion.

Crypto ETPs are useful for investors who want to expose themselves to cryptoassets, but don’t want to custody their own holdings. The Grayscale Bitcoin Trust (GBTC) is often used as an indicator of institutional interest in the crypto market.

Crypto ETP volumes almost tripled this month, CryptoCompare notes, to $837 million a day. Again, the GBTC is the biggest player, representing most — 64% — of this trading volume.

The report adds that AUM in Grayscale’s Ethereum Trust (ETHE) was up 69.4% to $3.47 billion.

By Emily Mason