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Report Reveals Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Funding Merchandise in November

11/28/2021
Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November

Cryptocompare, the agency that gives institutional and retail traders with real-time and historic cryptocurrency knowledge, has revealed the agency’s November 2021 Digital Asset Administration Evaluate. The report covers crypto exchange-traded merchandise (ETPs), and up to date findings present different crypto asset funding merchandise are outperforming Bitcoin ETPs.

Ethereum-Based mostly Funding Product Commerce Volumes Enhance

Each month Cryptocompare publishes a analysis report that covers the cryptocurrency funding product panorama. The funding merchandise are ETPs tethered to right now’s prime crypto belongings globally corresponding to Grayscale’s GBTC and ETHE funds. Cryptocompare’s Digital Asset Administration Evaluate November report explains that ETPs tied to ethereum (ETH), litecoin (LTC), and solana (SOL) noticed higher returns throughout a 30-day time-frame ending on November 19.

“Nearly all of AUM for belief merchandise continues to reside in Grayscale’s Bitcoin (GBTC – $38.1bn – down 10.1% since October) and Ethereum (ETHE – $12.9bn– up 3.6%) merchandise,” Cryptocompare’s report discloses. “ETC Group’s BTCE product regained the place of highest AUM ETN/ETF product with a acquire of 1.2% to $1.5bn. This was adopted by Function’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 researchers add.

Combination of Crypto-Based mostly ETP Each day Commerce Volumes Slid by 13% — Litecoin and Solana ETPs Outperform Bitcoin Funding Merchandise

The analysis highlights that total, crypto-based ETP every day volumes slid by 13% however widespread ETH-based ETP quantity rose. “Common every day buying and selling volumes throughout all digital asset funding product varieties fell by a median of 13% from October to $732mn/day,” the research highlights. Cryptocompare’s report notes that Bitcoin-based funding merchandise “carried out poorly,” whereas LTC and SOL-based ETPs did properly. Grayscale’s basket fund which comprises among the largest market cap cash returned -15.5%, Cryptocompare detailed.

“BTC-based funding merchandise typically noticed adverse returns in November, led by ETC Group’s BTCE product which returned -13.1%. Equally, Grayscale’s GBTC belief returned -10.2%,” Cryptocompare’s November research explains. “The very best performing funding product was Valour’s BTCZERO product, which returned -6.6%. Then again, different coins-based merchandise noticed optimistic returns all through the month, led by 21Shares’ ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively,” Cryptocompare’s report concludes.

What do you concentrate on the bitcoin funding merchandise’ performances in comparison with different crypto asset ETP market performances? Tell us what you concentrate on this topic within the feedback part under.