Fineqia International Inc., a leading digital asset and fintech investment business, has reported a 53% growth in total Assets Under Management (AUM) in Exchange Traded Products (ETPs) with digital assets as underlying collateral in the year-to-date (YTD) period. This growth comes amid continued interest from investors.
Although the total AUM dropped by 13% in Q3, it had previously seen significant growth of 67% in Q1 and 5% in Q2. On a YTD basis, the total AUM shows a premium growth of 18% compared to the underlying value of digital assets, which grew slower at 45%.
In September, the total AUM increased by 1% to $30.5 billion from $30.2 billion, while the market value of digital assets rose 7% to about $1.15 trillion from $1.08 trillion.
The CEO of Fineqia, Bundeep Singh Rangar, noted that Bitcoin saw a rise in September, which contrasted with the price drops experienced in the same month in recent years. He also highlighted that Bitcoin provided investors with a way to offset a challenging market.
However, ETPs representing a diversified basket of cryptocurrencies experienced a 3.2% decrease in AUM during September and an 11.5% decline in Q3. Nevertheless, on a YTD basis, these ETPs still registered a 32% increase in AUM. ETPs representing an index of alternative coins saw a 2.3% increase in September, despite a 14.2% decrease in Q3. ETPs holding individual altcoins showed the weakest growth, with a 9.5% increase in AUM compared to other digital asset categories.
ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs). Fineqia Research’s AUM calculation takes into account the launch or closure of ETPs during any given period. As of the end of September, there were 169 tracked ETPs, slightly up from 162 at the beginning of the year.
It’s important to note that all references to price are quoted in USD, and the cryptocurrency prices are sourced from CoinMarketCap. The AUM data mentioned in the announcement were compiled from reputable sources, including 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., Morningstar, Inc., and TrackInSight SAS, by Fineqia’s dedicated in-house research department.
Fineqia International Inc. is a digital asset business that focuses on investing in early and growth stage technology companies. The company also provides a platform to support and manage the issuance of debt securities in the UK. Fineqia’s portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, NFTs, AI, and fintech. The company is publicly listed in Canada and has offices in Vancouver and London.
Investors should be aware that crypto assets are generally unregulated and subject to sudden and significant changes in value. They also carry a high risk of total loss of investment. As these assets are unregulated, investors are unlikely to have recourse to regulatory protections or access to investor compensation schemes. It is advised that individuals seek independent financial and legal advice to determine the appropriateness of these assets for their circumstances.
In conclusion, Fineqia International Inc. has seen significant growth in its Assets Under Management (AUM) in Exchange Traded Products (ETPs) with digital assets as underlying collateral. Despite a drop in Q3, the total AUM has increased by 53% in the year-to-date period, indicating continued interest from investors.
More detail via Benzinga here… ( Image via Benzinga )