Fineqia International Inc (CSE:FNQ, OTC:FNQQF) reported a 2.5x surge in global Exchange Traded Products (ETPs) with digital assets as underlying collateral, propelling total Assets Under Management (AUM) to nearly $50 billion from $20 billion in 2023.
In a statement, Fineqia said its analysis revealed a substantial 19% premium growth in worldwide crypto ETPs AUM compared to the underlying digital assets, which grew at a slower rate of 123%.
The surge is primarily attributed to Bitcoin’s commanding 72% share of ETP AUM, surpassing its 53% share in the overall digital asset market.
Fineqia CEO Bundeep Singh Rangar acknowledged Bitcoin’s role in the growth.
“BTC was the sled dog pulling the (digital asset) ETF sleigh this season,” he told shareholders. “Investors believe they might even have sighted a Santa at the SEC.”
During 4Q, ETPs with Bitcoin as the underlying asset experienced 64% AUM growth to $35.6 billion, fueled…
