CoinShares ETPs Report Record Trading Volume of Nearly $500M

2021-5-21 19:50

CoinShares’s exchange-traded products (ETPs) reported a trading volume that eclipsed $490 million, on May 19, amid a market dip. 

On May 20, cryptocurrency asset management company CoinShares announced a record trading day for their ETPs. Trading on May 19 nearly hit $500 million, amid a major spike in market volatility this week. The previous record high for CoinShares was on Feb. 22, 2021, when trading volume hit $252 million.

An official announcement from CoinShares stated that two of the company’s ETPs — XBT Provider ($3.9 billion assets under management (AUM) and CoinShares Physical platform ($367 million AUM) — saw trading volumes that exceeded $490 million on Wednesday. The figures are most surprising because they come in the middle of a significant dip in the crypto market.

Investors are embracing crypto ETPs

According to CoinShares Weekly Asset Fund Flows Report, $312 million of the activity, or around 63%, was in ethereum (ETH) exposure. The remaining $179 million, or 37%, was comprised of bitcoin (BTC), litecoin (LTC), and XRP exposures.  

Before the dip, however, the crypto market cap hit a record high of $2.6 trillion, earlier in May. Also, earlier in the week, CoinShares released its weekly digital asset fund flow report. The report focused on a significant jump in bitcoin-related outflows, with BTC investment products experiencing an outflow of nearly $100 million.

After the recent crash, the total market cap dove as low as $1.4 trillion, also on Wednesday. As of this writing, the crypto market cap is around $1.65 trillion. With nearly $500 million in CoinShares’s ETPs on the move in a single day, the publicly listed company under the CS ticker earned the highest volume traded of any European crypto ETP.

In the official announcement, and amid the current crypto crash, CoinShares stated that global investors are embracing crypto ETPs more and more. The firm highlighted a number of major milestones of its ETPs in the last few years. One such milestone was their crypto ETPs growing to over $5 billion in AUM in April. 

The post CoinShares ETPs Report Record Trading Volume of Nearly $500M appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Volume Network (VOL) на Currencies.ru

$ 0.0001001 (-0.02%)
Объем 24H $0
Изменеия 24h: 0.10 %, 7d: 0.11 %
Cегодня L: $0.0001001 - H: $0.0001001
Капитализация $0 Rank 3549
Доступно / Всего 0 VOL

volume trading coinshares nearly 500m record report

Источник: beincrypto.com

volume trading → Результатов: 126


Crypto Demand in South Korea Surges as Bithumb Records 15 Percent of Total Volume

Over the last 48 hours, the daily trading volume of crypto exchanges in South Korea has surged substantially by a range of 10 to 15 percent. Bithumb, the largest cryptocurrency trading platform in the local market by trading volume, has seen a spike in daily trading volume of the Bitcoin-to-South Korean won pair, which has […] The post Crypto Demand in South Korea Surges as Bithumb Records 15 Percent of Total Volume appeared first on CryptoSlate.

2018-11-5 13:10


Фото:

Top 6 Cryptocurrency Exchanges With the Highest Weekly Trading Volume – 2018 Week 40 Edition

A lot of people consider Binance to be the world’s leading cryptocurrency exchange. In reality, that is not exactly true, primarily because BitForex generates more volume. CoinMarketCap excludes this exchange, but these are the “official” exchanges ranked by ascending trading volume in the past seven days.

2018-9-22 21:00


Фото:

Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts SEC Delays ETF Until March

In recent news pertaining to cryptocurrency exchanges, Chicago Mercantile Exchange (CME) has revealed that trading volume on its bitcoin futures markets nearly doubled during Q2; lawyer Jake Chervinsky has predicted that the United States Securities and Exchange Commission (SEC) may postpone its determinations regarding Vaneck’s proposed bitcoin exchange-traded fund (ETF) until March 2019; and Bitmex […] The post Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts SEC Delays ETF Until March appeared first on Bitcoin News.

2018-7-27 06:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Searches for Support After Rejection from Resistance

XRP has been increasing since bouncing at the $0.62 long-term horizontal support area at the end of July. So far, it has reached a high of $1.35. The post XRP Searches for Support After Rejection from Resistance appeared first on BeInCrypto.

XRP Reclaims Support, EOS and TRX Look to Do the Same

XRP is trading inside a long-term descending parallel channel and has reclaimed the $0.90 horizontal area after bouncing. The post XRP Reclaims Support, EOS and TRX Look to Do the Same appeared first on BeInCrypto.