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TechFlow news, data compiled by BitMEX Research shows that as of December 22, 2023, there were 150 crypto-related ETP products with total assets under management reaching $50.3 billion.
BitMEX analysts stated that as the U.S. SEC prepares to approve spot Bitcoin ETFs, this data could help assess the extent to which spot ETFs may cannibalize existing ETP products or attract new capital into the cryptocurrency sector.
Data compiled by BitMEX Research shows that as of December 22, 2023, there were 150 cryptocurrency-related ETP products with total assets under management reaching $50.3 billion. BitMEX analysts stated that as the U.S. SEC prepares to approve spot Bitcoin ETFs, this data could help determine the extent to which spot ETFs cannibalize existing ETP products or attract new capital into the cryptocurrency sector.
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