Research Summary
This report provides a comprehensive analysis of the top Crypto Exchange-Traded Products (ETPs) and Exchange-Traded Funds (ETFs) worldwide, based on total assets. It highlights the dominance of Bitcoin and Ethereum in these offerings, the key providers, and the countries where these products are incorporated. The report also explains the differences between various types of crypto ETPs, including ETFs, Exchange-Traded Notes (ETNs), and Exchange-Traded Commodities (ETCs).
Key Takeaways
Top Crypto ETPs and ETFs
- Bitcoin and Ethereum Dominance: The report reveals that Bitcoin and Ethereum are the most popular themes among the top 25 crypto ETPs, with 12 focusing exclusively on Bitcoin and 7 on Ethereum. This suggests that traditional finance investors have greater confidence in Bitcoin and Ethereum as alternative investments.
- Leading Crypto ETPs: The world’s top crypto ETP by assets is XBT Provider’s Bitcoin Tracker One (COINXBT), with a total asset size of $4.43 billion. The top crypto ETF by assets in the world is Hashdex Nasdaq Crypto Index FI (HASH11), with total assets of $1.07 billion.
- Types of Crypto ETPs: The report explains the differences between various types of crypto ETPs, including ETFs, ETNs, and ETCs. Crypto ETFs offer a more direct exposure to crypto assets, while ETNs track crypto assets without owning it directly, and ETCs are physically backed.
Providers and Countries
- Leading Providers: The top 25 crypto ETFs and ETPs are offered by 14 different providers, with XBT Provider leading the pack. XBT Provider’s 4 ETNs alone account for $7.83 billion in total assets, or 52.1% of all top 25 ETPs’ total assets.
- Country Representation: Six of the top 25 crypto ETPs are incorporated in Canada, making it the country with the most crypto ETFs represented in global rankings. Sweden, the US, and Switzerland each have 4 crypto ETPs in the global rankings.
Actionable Insights
- Investigate the Potential of Crypto ETPs: Given the growing popularity and asset size of crypto ETPs, there is potential for investors to explore these products for diversified exposure to the crypto market.
- Consider the Dominance of Bitcoin and Ethereum: The dominance of Bitcoin and Ethereum in the top crypto ETPs suggests these cryptocurrencies are viewed as more stable and reliable by traditional finance investors.
- Examine the Role of Providers: The role of providers such as XBT Provider in the crypto ETP market is significant, and their strategies and offerings could provide insights for potential investment decisions.
