{"id":14778,"date":"2021-11-28T17:54:21","date_gmt":"2021-11-28T17:54:21","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/report-shows-ethereum-litecoin-solana-etps-outperformed-bitcoin-investment-products-in-november\/"},"modified":"2021-11-28T17:54:21","modified_gmt":"2021-11-28T17:54:21","slug":"report-shows-ethereum-litecoin-solana-etps-outperformed-bitcoin-investment-products-in-november","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/report-shows-ethereum-litecoin-solana-etps-outperformed-bitcoin-investment-products-in-november\/","title":{"rendered":"Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November"},"content":{"rendered":"

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm\u2019s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. <\/strong><\/p>\n

Ethereum-Based Investment Product Trade Volumes Increase<\/h2>\n

Every month Cryptocompare<\/a> publishes a research report that covers the cryptocurrency investment product landscape. The investment products are ETPs tethered to today\u2019s top crypto assets globally such as Grayscale\u2019s GBTC and ETHE funds. Cryptocompare\u2019s Digital Asset Management Review November report explains that ETPs tied to ethereum (ETH<\/a>), litecoin (LTC<\/a>), and solana (SOL) saw better returns during a 30-day time frame ending on November 19.<\/p>\n

\u201cThe majority of AUM for trust products continues to reside in Grayscale\u2019s Bitcoin (GBTC \u2013 $38.1bn \u2013 down 10.1% since October) and Ethereum (ETHE \u2013 $12.9bn\u2013 up 3.6%) products,\u201d Cryptocompare\u2019s report discloses<\/a>. \u201cETC<\/a> Group\u2019s BTCE product regained the position of highest AUM ETN\/ETF product with a gain of 1.2% to $1.5bn. This was followed by Purpose\u2019s Bitcoin ETF (BTCC) and 3iQ Coinshares\u2019 Bitcoin ETF (BTCQ) which fell 6.5% and 10.1% to $1.4bn and $1.2bn respectively,\u201d the Cryptocompare researchers add.<\/p>\n

Aggregate of Crypto-Based ETP Daily Trade Volumes Slid by 13% \u2014 Litecoin and Solana ETPs Outperform Bitcoin Investment Products<\/h2>\n

The research highlights that overall, crypto-based ETP daily volumes slid by 13% but popular ETH-based ETP volume rose. \u201cAverage daily trading volumes across all digital asset investment product types fell by an average of 13% from October to $732mn\/day,\u201d the study highlights. Cryptocompare\u2019s report notes that Bitcoin-based investment products \u201cperformed poorly,\u201d while LTC<\/a> and SOL-based ETPs did well. Grayscale\u2019s basket fund which contains some of the largest market cap coins returned -15.5%, Cryptocompare detailed.<\/p>\n

\u201cBTC-based investment products generally saw negative returns in November, led by ETC<\/a> Group\u2019s BTCE product which returned -13.1%. Similarly, Grayscale\u2019s GBTC trust returned -10.2%,\u201d Cryptocompare\u2019s November study explains. \u201cThe best performing investment product was Valour\u2019s BTCZERO product, which returned -6.6%. On the other hand, alternative coins-based products saw positive returns throughout the month, led by 21Shares\u2019 ASOL (Solana-based product) and Grayscale\u2019s LTCN (Litecoin-based product), which returned 22.0% and 14.9% respectively,\u201d Cryptocompare\u2019s report concludes.<\/p>\n

What do you think about the bitcoin investment products\u2019 performances compared to alternative crypto asset ETP market performances? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Bitcoin ETPs, bitcoin funds, BTC funds, Cryptocompare, Cryptocompare report, cryptocompare.com, ETH funds, ETHE, Ethereum, ETP, ETPs, Exchange-Trade Product, Funds, GBTC, grayscale, investment products, litecoin, Solana, traded<\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm\u2019s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. Ethereum-Based Investment Product Trade Volumes Increase Every month Cryptocompare publishes…<\/p>\n","protected":false},"author":0,"featured_media":14779,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14778"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14778"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14779"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}