Following our earlier report on exchange-traded Bitcoin products, we present an updated and nearly comprehensive list of cryptocurrency-related exchange-traded products (ETPs) worldwide. This dataset, current as of December 22, 2023, includes over 164 products with combined assets exceeding $50 billion.
Key Insights
- Bitcoin Dominance: Bitcoin-related ETPs account for $35.4 billion (70%) of total assets.
- Ethereum Growth: Ethereum products hold $9 billion (18%), reflecting rising institutional interest.
- Emerging Altcoins: Solana, multicoin baskets, and equity-linked products show diversification trends.
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Detailed ETP Breakdown
Bitcoin ETPs
| Ticker | Provider | Assets ($M) | Premium/Discount |
|--------------|---------------|-------------|------------------|
| GBTC US | Grayscale | 27,077.4 | -5.6% |
| BITO US | Proshares | 1,645.3 | +0.1% |
| BTCE GY | hanetf | 1,192.6 | -0.2% |
| Subtotal | | 35,421.3| |
Ethereum ETPs
| Ticker | Provider | Assets ($M) | Premium/Discount |
|--------------|---------------|-------------|------------------|
| ETHE US | Grayscale | 6,861.8 | -10.6% |
| AETH SW | 21 Shares | 337.6 | +0.2% |
| ETHH CN | Purpose | 219.5 | — |
| Subtotal | | 8,995.8 | |
Solana & Altcoin ETPs
- Solana: $777.4M (ASOL SW, SLNC SW)
- Multicoin Baskets: $1.5B (BITW US, GDLC US)
- Other Altcoins: $2.8B (BNB, XRP, ADA, etc.)
Equity-Linked Crypto Products
| Ticker | Provider | Assets ($M) |
|--------------|---------------|-------------|
| BLOK US | Amplify | 1,060.2 |
| BCHN LN | Invesco | 614.6 |
| BITQ US | Bitwise | 151.6 |
| Subtotal | | 2,648.7 |
FAQs
1. What are cryptocurrency ETPs?
ETPs are regulated investment vehicles tracking crypto prices, enabling exposure without direct ownership.
2. How do Bitcoin ETPs differ from ETFs?
ETPs include trusts and notes, while ETFs are funds. Both track asset prices but have varying structures and fees.
3. Are Ethereum ETPs a good investment?
They offer convenience but may trade at premiums/discounts to NAV. Research provider fees and liquidity.
4. Can I short crypto via ETPs?
Yes, inverse products like BITI CN (Betapro) allow short exposure.
5. What’s the smallest altcoin ETP?
Valour’s SOLVA FP (Solana) and DOTVA FP (Polkadot) have minimal assets (<$1M).
Final Notes
- Data Source: BitMEX Research, Bloomberg.
- Disclaimer: This list is informational; no endorsements are made. Conduct independent due diligence.