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Deutsche Digital Assets Monthly Crypto ETP Recap December 2023
This is Deutsche Digital Assets monthly overview of select top Crypto ETPs by Assets Under Management (AUM).
| Issuer | Name | Ticker | Domicile | Primary Exchange | Replication | Inception Date | AUM* | MoM Change |
| 21Shares | 21Shares Bitcoin ETP | ABTC | Switzerland | SIX | Physically Backed | 24-Feb-2019 | $519,185,000 | 32.94% |
| 3iQ | The Bitcoin Fund Class A | QBTC.U | Canada | TSX | Index | 9-Apr-2020 | $254,138,000 | 9.19% |
| CI Galaxy | CI Galaxy Bitcoin ETF | BTCX.B | Canada | TSX | Futures Backed | 5-Mar-2021 | $354,627,000 | 44.97% |
| CoinShares | CoinShares Physical Bitcoin | BITC | Jersey | SIX | Physically Backed | 19-Jan-2021 | $573,535,000 | 41.65% |
| ETC Group | ETC Group Physical Bitcoin | BTCE | Germany | XETRA | Physically Backed | 9-Jun-2020 | $1,123,523,000 | 37.68% |
| Evolve | Evolve Bitcoin ETF | EBIT | Canada | TSX | Index | 19-Feb-2021 | $165,503,000 | 21.50% |
| Hashdex | Hashdex Nasdaq Crypto Index ETF | HASH11 | Cayman | BSX | Index | 22-Apr-2021 | $312,108,000 | 20.09% |
| Invesco | Invesco Physical Bitcoin Fund | BTIC | Germany | XETRA | Physically Backed | 26-Nov-2021 | $128,168,000 | 20.41% |
| ProShares | ProShares Bitcoin Strategy ETF | BITO | United States | NYSE Arca | Futures Backed | 18-Oct-2021 | $1,589,482,000 | 34.08% |
| Purpose | Purpose Bitcoin ETF | BTCC | Canada | TSX | Physically Backed | 11-Feb-2021 | $1,500,000,000 | 57.37% |
| QR Capital | QR Capital Bitcoin ETF | QBTC11 | Brazil | B3 | Index | 24-Jun-2021 | $42,287,000 | 19.86% |
| SEBA | SEBA Bitcoin ETP | SBTCU | Guernsey | Euronext | Physically Backed | 9-Apr-2021 | $74,522,000 | 10.90% |
| Valour | Valour Bitcoin Zero ETP | BTC0 | Sweden | Euronext | Physically Backed | 15-Dec-2021 | $93,072,000 | 22.56% |
| VanEck | VanEck Bitcoin ETN | VBTC | Liechtenstein | Deutsche Boerse AG | Physically Backed | 19-Nov-2020 | $278,270,000 | 27.09% |
| WisdomTree | WisdomTree Bitcoin | BTCW | Jersey | SIX | Physically Backed | 14-Apr-2019 | $291,852,000 | 22.34% |
| XBT Provider | Bitcoin Tracker Euro | COINXBE | Sweden | Nasdaq OMX AB | Physical or Synthetic | 15-May-2015 | $847,472,000 | 23.53% |
Key Crypto ETP Vendors
A full breakdown of ETP service providers is available in DAR’s Crypto ETP and Institutional Product Report (paid).
Top 5 Fund Administrators by Products Covered
| Administrator | Number of Products |
| JTC Fund Solutions (Jersey) Limited | 28 |
| Apex Corporate & Advisory Services Ltd | 6 |
| Banco Genial SA | 6 |
| Vórtx Distribuidora de Títulos e Valores Mobiliários Ltda | 5 |
| Apex Corporate Services (Schweiz) GmbH | 4 |
Data as of 1 Dec 2023 based on publicly available information.
Top 5 Custodians by Products Covered
| Custodian Name | Number of Products |
| Coinbase Custody | 58 |
| Bank Frick | 44 |
| Komainu Jersey Ltd | 20 |
| Cidel Trust Company | 13 |
| Gemini Trust Company | 13 |
Data as of 1 Dec 2023 based on publicly available information.
Top 5 Crypto Market Makers by Products Covered
| Market Maker | Number of Products |
| Flow Traders | 84 |
| GHCO (Goldenberg Hehmeyer LLP) | 24 |
| DRW Europe B.V | 14 |
| Jane Street Financial Limited | 9 |
| Lang & Schwarz | 6 |
Data as of 1 Dec 2023 based on publicly available information.
Crypto ETP & ETF Monthly Reports
Digital Asset Research (DAR) provides summary or in-depth details on exchange-traded crypto products and funds (ETPs and ETFs) in major markets as a research tool for market participants. All reports are available monthly.
| Crypto ETP Recap (Free) | Crypto ETP Report (Subscription) | Crypto ETP & Institutional Product |
| Overview of the select top Crypto ETPs by Assets Under Management (AUM) | Everything in the Crypto ETP Recap, plus: • Crypto ETP Details, including: ○ Issuer, Name, Ticker, and Domicile ○ Primary exchange ○ Inception date ○ AUM and Month-over-Month (MoM) change • Issuer total AUM and MoM change • Charts and graphs: ○ Average AUM and Total AUM by issuer ○ MoM change by issuer and asset ○ Asset % of issuer’s AUM • Breakdown by replication method • Breakdown by geography • Index provider information | Everything in the Crypto ETP Recap and Crypto ETP Report, plus: • Market comparisons to Grayscale and major digital assets • Open U.S. ETF filing details • BTC and ETH futures and options data from select crypto exchanges ○ Monthly average open interest ○ Monthly average volumes • Spreadsheet access to “Crypto ETP Details” • A full breakdown of ETP service providers |
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