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Proshares Bitcoin ETF ranks number 3 as global crypto ETF assets grow 549%

Bitcoin, Ripple, Ethereum, Dash, Monero, and Litecoin are all featured in this photo illustration by. displayed … [+] digital cryptocurrencies. Global assets in cryptocurrency ETFs rose 549% in 2021 while the number of funds rose 280% (photo illustration by Chesnot / Getty Images)

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It’s been a breathtaking year for the crypto market and an even more impressive one for crypto ETFs.

According to a report by ETFGI, a London based research house focused on the global ETF market.

The three largest funds in the world are Ether Tracker One from XBT Provider with total assets of 1.69 billion US dollars, Bitcoin Tracker Euro from XBT with 1.53 billion US dollars and ProShares Bitcoin Strategy ETF (BITO) with 1.42 Billion dollars.

XBT Provider, a Swedish company that launched the first crypto ETP with an exchange-traded Bitcoin note in 2015, is the largest ETF / ETP provider in terms of wealth at $ 5.34 billion Market share of 26.4%. XBT’s Coinshares family includes two Bitcoin and two Ether products.

The US-based company Proshares launched its Bitcoin Strategy ETF (BITO) in October. With just one fund, Proshares already holds 7% of the market.

Across the entire ETF / ETP market, total global assets rose 24% to $ 9.92 trillion in late November, compared to $ 7.99 trillion in late 2020.

The massive increase in ETF crypto assets was a function of the 280% increase in crypto ETFs and ETPs to 80 by November 21 at the end of 2020. Of these, 24 were ETFs and 56 were ETPs, according to the ETFGI.

Ten new crypto ETFs / ETPs were launched in November alone. At the end of the month there were three crypto ETFs in the US with assets of $ 2 billion, or 7.5% of the total worldwide. There are 56 crypto ETFs / ETPs in Europe, 14 in Canada and seven in Latin America. Europe holds 60% of the world’s wealth.

Globally, crypto ETFs and ETPs recorded net inflows of $ 1.11 billion last month, for a total net inflow of $ 9.26 billion through November.

Thirty of the 80 funds have exposure to Bitcoin and 17 have exposure to Etherium, the second most popular cryptocurrency. Among other popular cryptocurrencies, Solana was in three funds, Cardano, two and Binance, one.

Of those, Bitcoin ETFs / ETPs reported net inflows of $ 528 million in November, bringing net inflows to $ 5.23 billion year-to-date. Total assets under management in Bitcoin products as of November were $ 10.92 billion.

Ethereum ETFs / ETPs saw a big boost, with net inflows of $ 342 million last month, bringing the total to $ 1.98 billion by the end of November, up from just $ 25 million in the same period in 2020. That Total assets of the Ethereum funds were $ 6.35 billion.

The ProShares Bitcoin Strategy ETF saw the largest individual net inflow in November at $ 352 million. Although it only launched last month, ProShares saw the largest net inflows of ETF / ETPs in the first eleven months of the year, ETFGI said.

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