The report shows that Ethereum, Litecoin, Solana ETP outperformed Bitcoin investment products in November – Bitcoin News
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Cryptocompare is a company that provides real-time and historical cryptocurrency data for institutional and retail investors. The company released its November 2021 digital asset management review. The report covers crypto exchange-traded products (ETP), and recent survey results show that alternative crypto asset investment products outperform Bitcoin ETP.
Increased trading volume of investment products based on Ethereum
Every month Password comparison Published a research report covering the pattern of cryptocurrency investment products. Investment products are ETPs related to today’s top crypto assets in the world, such as Grayscale’s GBTC and ETHE funds. The November report of Cryptocompare’s Digital Asset Management Review explained that the ETP related to Ethereum (Ethereum), Litecoin (LTC), and solana (SOL) saw better returns in the 30-day time frame ending on November 19th.
“Most of the AUM of trust products continue to exist in Grayscale’s Bitcoin (GBTC – $38.1 billion – down 10.1% since October) and Ethereum (ETHE – $12.9 billion – up 3.6%) products,” Cryptocompare’s Report disclosure“and many more The group’s BTCE product regained the position of the highest AUM ETN/ETF product with a 1.2% increase to US$1.5 billion. Followed by the objective Bitcoin ETF (BTCC) and 3iQ Coinshares’ Bitcoin ETF (BTCQ) fell 6.5% and 10.1%, respectively, to US$1.4 billion and US$1.2 billion,” Cryptocompare researchers added.
The total daily trading volume of crypto-based ETP fell by 13% — Litecoin and Solana ETP outperformed Bitcoin investment products
The study emphasized that overall, the daily trading volume of crypto-based ETP fell by 13%, but the volume of popular ETH-based ETP increased.The study emphasized: “The average daily transaction volume of all digital asset investment product types dropped by an average of 13% from October to 732 million US dollars per day.” The Cryptocompare report pointed out that Bitcoin-based investment products “underperformed” ,and LTC The SOL-based ETP performed well. Cryptocompare detailed the Grayscale basket fund, which contains some of the largest market capitalization tokens, with a return rate of -15.5%.
“BTC-based investment products generally showed negative returns in November, among which and many more The group’s BTCE product return rate was -13.1%. Similarly, Grayscale’s GBTC trust rate of return is -10.2%,” Cryptocompare’s November study explained. “The best performing investment product is Valour’s BTCZERO product with a return rate of -6.6%. On the other hand, 21Shares-based ASOL (Solana-based product) and Grayscale’s LTCN (Litecoin-based product) have shown positive returns throughout the month, with their return rates of 22.0% and 14.9%, respectively. The report concludes.
Compared with the performance of alternative crypto assets ETP market, how do you view the performance of Bitcoin investment products? Please tell us your thoughts on this topic in the comments section below.
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