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The Layer 2 Boom: Ethereum’s Secret Weapon for Scalability

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Layer 2 Boom Ethereum, trading 25% below its all-time high, recently rebounded from its summer sell-off. Despite this recovery, the leading decentralized global app store continues to face growing competition from Solana and other rivals while losing users to networks built on top of its own infrastructure. Yet, there’s more to the story than meets the eye.

Ethereum, trading 25% below its all-time high, recently rebounded from its summer sell-off. Despite this recovery, the leading decentralized global app store continues to face growing competition from Solana and other rivals while losing users to networks built on top of its own infrastructure. Yet, there’s more to the story than meets the eye.

Figure 1 – Ethereum’s Price Performance Since Inception

Source: 21Shares, Coingecko

Network congestion, during the booms of decentralized finance (DeFi) and non-fungible tokens (NFTs), drove Ethereum’s transaction fees to be infamously high. For example, the median gas fee climbed to as high as $13.92 in 2023. This highlighted Ethereum’s scalability limitations and spurred the development of Layer 2 (L2) solutions, sidechains, and major upgrades like the Ethereum Merge to reduce costs and improve accessibility. As a result, Ethereum’s current median gas fee is 78% lower, at $2.95, while its most expensive L2 Linea’s median gas fee is currently at $0.063.

Moreover, the implementation of EIP-4844 last March, also known as Proto-Danksharding, introduced a significant upgrade to Ethereum by enabling the use of “blob space,” a novel scalability solution designed to reduce network congestion and transaction costs. Blob space refers to dedicated storage for large data blobs that do not require full validation by Ethereum nodes, making it ideal for rollups and other L2 solutions. While the upgrade resulted in reducing the fees L2s send to Ethereum, it simultaneously unlocked new levels of scalability, making the network more efficient and accessible for developers and users. In fact, Ethereum’s blob space is already nearing its target capacity, as illustrated in Figure 2 below, signaling a potential resurgence in network revenue.

Figure 2 – Blob Space – Average Blob Count Per Block

Source: 21Shares, Dune

This concept is further substantiated by the increasing rent payments to Ethereum, as illustrated in Figure 3 below. The surge in fees stems from the fact that L2s are in fact approaching their capacity limits, necessitating higher payments for data storage on the network.

Figure 3 – Rent Paid Back to Ethereum by L2s

Source: 21Shares, GrowThePie

On the regulatory front, significant changes are looming for Ethereum. Gary Gensler’s imminent departure from the SEC, combined with potential policy shifts under President-elect Trump’s administration, could dramatically transform the regulatory landscape for cryptoassets. Ethereum is uniquely positioned to benefit from this transition, given its status as the dominant DeFi ecosystem, however, as shown in Figure 4, its TVL of $70B is under threat by the L2 networks atop.

Figure 4 – Ethereum vs. Scaling Solutions TVL Share

Source: 21Shares, GrowThePie

Despite the challenges faced this year, Ethereum’s stronghold reinforces its potential to thrive in this evolving environment. This shift also coincides with increased interest in Ethereum ETFs, driving record net inflows of nearly $380M on November 29, surpassing Bitcoin ETFs, which saw approximately $270M.

Figure 5 – Spot Bitcoin vs. Ethereum Net ETF Inflows

Source: 21Shares, Glassnode

The July 2024 launch of spot Ethereum ETFs has unlocked new opportunities for investors, especially in the realm of basis trading with Ethereum futures contracts. This strategy capitalizes on the price convergence between futures and spot markets, offering a way to effectively manage risks tied to Ethereum’s price volatility. As of writing this report, the basis trade of Ethereum is 15.63% on a 3-month rolling basis, indicating a contango or a positive basis, which reflects a bullish sentiment around Ethereum’s price performance in the future. The current contango highlights that demand for future Ethereum contracts is higher than for spot Ethereum, further pushing the basis higher and signaling confidence in the future value of the pioneer smart-contract platform.

Figure 6 – Futures 3-Month Annualized Rolling Basis Indicates a Contango

Source: 21Shares, Glassnode

So, what is the relationship between Ethereum and its scaling solutions?

Scaling solutions offer the scalability Ethereum needs to operate as a global settlement layer, while Ethereum provides the foundation that supports their adoption. Given this symbiotic relationship, their performance and price movements could reflect one another. However, as gateways to affordable and efficient Ethereum usage, scaling solutions may be poised to capture heightened attention and enthusiasm during periods of ecosystem-wide interest.

As seen in Figure 7, the performance data confirms this notion. Scaling solutions significantly outperformed Ethereum since the rally began in November. StarkNet leads the pack, followed by Polygon at 88.18%, and Arbitrum close behind at 83.90%. Ethereum, in comparison, recorded a still impressive but more subdued return. This divergence underscores the growing investor interest in the latter tail of the ecosystem as it continues to expand.

Figure 7 – Scaling Solutions vs. Ethereum Price Performance

Source: 21Shares, Coingecko. Data from 1 November 2024 – 2 December 2024

However, not all of these assets move in lockstep with Ethereum. Looking at Figure 8, the price trajectories of Optimism, Arbitrum, and Polygon reveal distinct patterns. Optimism and Arbitrum mirror Ethereum’s movements with amplified peaks and troughs, signaling a tighter connection. This close linkage makes sense, as both directly operate as true L2s on Ethereum, leveraging its security and infrastructure. Polygon, on the other hand, follows a more independent path, diverging notably from Ethereum’s rhythm—a dynamic likely tied to its role as a side-chain rather than a pure L2, as well as its more established presence in the market. However, that’s due to change as Polygon fully morphes into a ZK-based rollup, making it more aligned with Ethereum.

Ethereum maintains the smoothest growth curve, reinforcing its position as a more established asset. By contrast, Arbitrum and Optimism’s divergence hints at greater volatility but also the potential for a more attractive risk-reward profile.

Figure 8 – Scaling Solutions vs. Ethereum Price Performance Over Time

Source: 21Shares, Coingecko. Data from 1 November 2024 – 2 December 2024

To fully understand the relationship between Ethereum and its ecosystem, we turn to their beta to Ethereum, which measures the sensitivity of an asset’s price movements to another. Values above 1 indicate amplified responsiveness while values below 1 signal reduced sensitivity.

As shown in Figure 9, Optimism and StarkNet, with betas over 140%, exhibit highly amplified price movements relative to Ethereum. This implies they can deliver stronger returns during bullish periods but may come with heightened risk in downturns. In contrast, Polygon has a beta below 1, suggesting lowered volatility, aligning with its more mature status as a side-chain and its relatively independent behavior within the ecosystem.

Figure 9 – Scaling Solutions Betas to Ethereum

Source: 21Shares, Coingecko. Data from 1 November 2024 – 2 December 2024

Figure 10 offers a deeper perspective on this relationship. Optimism and Arbitrum display a strong and amplified correlation with Ethereum, as seen in the tight clustering of their data points around their trendlines. This consistency suggests that their price movements are closely tied to Ethereum’s performance, making it more predictable.

Polygon, by contrast, offers a distinct relationship reflected in the wider dispersion of its returns. This variability suggests that Polygon’s price is more influenced by external factors, such as network-specific developments, rather than being predominantly driven by Ethereum’s performance, a dynamic consistent with its relatively standalone nature. While this independence makes Polygon less reliable as a proxy, it may appeal to those seeking more uncorrelated returns while remaining tied to the broader Ethereum ecosystem.

Figure 10 – Scaling Solutions Returns vs. Ethereum

Source: 21Shares, Coingecko. Data from 1 November 2024 – 2 December 2024

Ethereum and its Different Scaling Approaches

  1. Sidechains

The 2018 CryptoKitties-induced congestion crisis, with $100+ fees, spurred Ethereum’s scaling efforts. Sidechains emerged as first-gen solutions, operating independently but anchoring to Ethereum for security. However, these are now outdated due to misalignment with Ethereum’s security and revenue model. This report focuses on subsequent scaling solutions, particularly true L2s, which better align with Ethereum’s ecosystem and security.

  1. Optimistic and Zero-Knowledge (ZK) Based Rollups

Optimism and StarkNet pioneered optimistic and ZK rollups, respectively, in 2021, offering faster Ethereum scaling solutions. Optimistic rollups assume transaction validity unless challenged, while ZK rollups provide immediate finality through mathematical proofs.

That said, most L2 networks use a single sequencer for transaction processing, which is efficient but introduces centralization risks. Ethereum currently classifies these as ”stage 0 decentralization,” but Vitalik Buterin advocates for advancing to stage 1, aiming to:

  1. Reduce reliance on centralized security councils for implementing upgrades
  2. Enable open transaction validity challenges against centralized sequencers

Optimism and Arbitrum have implemented stage 1 decentralization features, extending to networks like Base. Finally, optimistic and ZK rollups dominate user activity in the Ethereum ecosystem, as depicted below in Figure 11.

Figure 11 – Ethereum vs. Scaling Solutions Share of Daily Transactions

Source: 21Shares, GrowThePie

  1. Based Rollups

Finally, the latest iteration of rollups are known as Based rollups. In short, they are considered as a hybrid between Optimistic and ZK-based rollups, with the main difference being that they leverage Ethereum’s validator set rather than rely on a centralized sequencer. As based rollups directly utilize Ethereum’s validator set for transaction ordering, rather than using separate sequencers akin to optimistic and ZK rollups, this dynamic enhances security but demands more Ethereum resources. The approach aligns the economics of based-rollup networks like Taiko with Ethereum’s, directing more value to Layer 1, as seen previously in figure 3. While more expensive, it offers a simpler architecture, potentially increasing Ethereum’s value through greater demand for block space.

Nevertheless, the rapid expansion of L2s aimed at scaling Ethereum has led to a diverse ecosystem with over 100 networks. While this approach has resulted in offboarding a significant amount of DeFi activity to the new execution layer, as seen below in Figure 12, this degree of proliferation has also resulted in ecosystem fragmentation. Thus, the current state of the ecosystem has challenged users’ perceptions of a unified Ethereum experience and significantly dispersed liquidity across the L2 landscape.

Figure 12: L2 DEX Activity

Source: 21Shares, GrowThePie

The table below provides a summary of Ethereum’s scaling solutions, highlighting how their architectures contribute to varying technological outcomes.

Figure 13 – Ethereum’s Scaling Solution Data Comparison

Source: 21Shares, GrowThePie, TokenTerminal, Dune

So, what’s the solution for L2 fragmentation?

Several key innovations are emerging to foster a more cohesive Ethereum ecosystem. While this complex topic merits a dedicated exploration, we’ll concentrate on two fundamental primitives aimed at mitigating ecosystem fragmentation:

The first is Polygon AggLayer, which is expected to go live before the end of the year. For a deeper understanding, check out our previous editions, Issue 236 and Issue 242. To recap, it’s a cross-chain protocol that allows independent chains to share liquidity, users, and states, creating a seamless network of sovereign blockchains. In short, it’ll allow users to access liquidity from multiple sources seamlessly across the Ethereum ecosystem as if they were using a single chain.

Another highly anticipated solution being adopted right now is cross-chain intents. Put simply, they refer to a simplified way for users to execute transactions across different blockchain networks. Users specify their desired outcome (like swapping tokens) without needing to understand the complex process behind it. This approach allows third-party solvers to optimize the execution, potentially reducing costs and improving efficiency while improving the user experience and addressing the fragmentation of liquidity.

From this angle, Uniswap collaborated with Across Protocol — the trailblazer in cross-chain intent-based bridging — to introduce a new standard: ERC 7638. This innovation comes at a crucial time, as evidenced by Across’ surging popularity, as seen in Figure 14 below. Users are increasingly seeking a streamlined approach to cross-chain transactions, eager to sidestep the traditional complexities associated with blockchain bridges.

Figure 14 – Across Bridge Volume and Total Fees

Source: 21Shares, Dune

Nevertheless, this is consequential as It introduces a common framework for expressing and executing user intents across multiple blockchains, such as swaps, staking, and lending. This has led many of the leading L2s, such as Arbitrum, Optimism, Scroll, Linea, Polygon, Mantle, and Taiko, to announce support for the new standard. As such, we believe the adoption of this solution will accelerate the migration of users to the on-chain world as it becomes easier to interact with different ecosystems.

So, where’s the sector headed?

We are witnessing a notable rise in sector-specific L2s as Ethereum scaling solutions evolve to address the unique needs of distinct industries and applications. These L2s are tailored to optimize performance, cost, and user experience for specific use cases, setting them apart from general-purpose solutions like Arbitrum or Optimism. By focusing on sectors such as DeFi, gaming, or AI, sector-specific L2s offer greater customization to meet the unique demands of these applications—whether it’s faster transaction speeds for gaming, enhanced liquidity optimization for DeFi, or efficient data processing for AI workloads.

Unichain

Unichain is a DeFi-focused L2 scaling solution for Ethereum, reducing gas fees by 95% and enabling near-instant transactions. As part of the Optimism Superchain, it leverages advanced cross-chain functionality, including ERC-7683 and LayerZero, to simplify multi-chain trading and ensure seamless liquidity access. Unichain introduces a decentralized validation network and incentive system for token holders and liquidity providers. While aiming to become the premier DeFi network and tackle liquidity fragmentation, its success depends on effectively incentivizing liquidity migration. For a deeper dive, please check our previous breakdown in Issue 246.

Immutable

Immutable is a leading blockchain gaming platform offering an end-to-end solution for over 330 games. At its core, Immutable X, an L2 scaling solution, uses ZK-rollup technology to enable fast, gas-free transactions on Ethereum. It leverages Ethereum’s security while reducing costs, allowing players to own valuable in-game NFTs. Processing up to 9,000 transactions per second, it solves scalability issues and provides developer-friendly tools. Immutable X’s shared global order book ensures asset visibility across all marketplaces, enhancing liquidity and usability for the entire ecosystem.

As sector-specific L2s like Unichain and Immutable continue to emerge, they underline the growing importance of tailored solutions in unlocking the full potential of Ethereum’s diverse ecosystem. Building on this trend, upcoming Layer 2s are set to push scalability and innovation even further.

Upcoming L2s: MegaETH

MegaETH is a high-performance L2 solution for Ethereum, designed to significantly enhance scalability and user experience. As the first real-time EVM engine, it achieves 100,000 transactions per second with sub-millisecond latency on the testnet. MegaETH’s advanced architecture offloads computation from Ethereum’s main chain while maintaining security and decentralization. By enabling real-time transaction processing and improved efficiency, MegaETH aims to transform Ethereum into a mainstream technology platform, addressing long-standing scalability issues. Its launch is scheduled for Q1 2025, positioning it as a cornerstone for Ethereum’s future growth and adoption.

Legacy Players Enter the Room

Finally, legacy players are also entering the L2 space, with Sony paving the way through the launch of its own network, Soneium, signaling a broader shift toward Web3 adoption. This trend paves the way for other Web2 companies like Robinhood and PayPal, as well as TradFi institutions such as banks and payment giants like Visa, to explore their own L2 initiatives.

The growing interest from legacy institutions further highlights Ethereum’s potential. Crypto-native firms like Coinbase have already demonstrated the revenue-generating capabilities of L2 solutions with their Base network, which generated nearly $90 million in revenue and amassed over $3.6 billion in TVL, making it the 6th largest chain by TVL. Inspired by these successes, traditional companies will likely explore launching their own Layer 2 solutions to tap into new revenue streams, improve user experiences, and solidify their positions in the evolving Web3 ecosystem.

Figure 15 – Profit Comparison of Ethereum and its Layer 2s

Source: 21Shares, GrowThePie

Ethereum’s Layer 2 expansion has improved scalability but has led to fragmentation, dispersing liquidity, and complicating user experience. Solutions like Polygon’s AggLayer and cross-chain intents aim to unify the ecosystem, while sector-specific Layer 2s (e.g., Unichain for DeFi, Immutable for gaming) offer tailored solutions leveraging Ethereum’s security guarantees. These innovations address fragmentation, enhance interoperability, and strengthen Ethereum’s position as the primary global settlement layer while echoing its relentless innovation and growing institutional interest. Finally, we anticipate that L2s will continue to perform strongly in the upcoming weeks, driven by renewed user enthusiasm and growing institutional interest in Ethereum and its ecosystem.

What’s happening this week?

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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Fem spanska fonder som har ökat med +12% under 2025

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År 2025 visar sig bli ett tufft år för finansmarknaderna. Med det första kvartalet fortfarande att avslutat upplever de stora internationella aktieindexen kraftiga nedgångar, där indexfonder baserade på S&P 500 och Nasdaq drabbas särskilt hårt. Det finns dock en kategori som står sig starkt: Ibex 35 indexfonder, som har blivit en av årets mest räddningsvärda tillgångar. Det finns fem spanska fonder som har ökat med +12% under 2025.

År 2025 visar sig bli ett tufft år för finansmarknaderna. Med det första kvartalet fortfarande att avslutat upplever de stora internationella aktieindexen kraftiga nedgångar, där indexfonder baserade på S&P 500 och Nasdaq-100 drabbas särskilt hårt. Det finns dock en kategori som står sig starkt: Ibex 35 indexfonder, som har blivit en av årets mest räddningsvärda tillgångar. Det finns fem spanska fonder som har ökat med +12% under 2025.

Mer specifikt har fonder som investerar i spanska aktier (både indexfonder och aktivt förvaltade) ackumulerat en genomsnittlig avkastning på 14,29 % hittills under 2025. Denna siffra gör kategorin till den mest lönsamma bland aktiefonder, och den näst mest lönsamma av alla investeringsfondkategorier, efter endast guld- och ädelmetallfonder, som har skjutit i höjden med en omvärdering på mer än 40 %.

Inom den spanska kategorin upplever Ibex 35 indexfonder en stark utveckling, med avkastning överstigande 12 % under 2025. Nedan granskar vi årets fem mest lönsamma Ibex indexfonder, rangordnade från lägst till högst avkastning:

BBVA Bolsa Índice FI

Denna Ibex 35 indexfond, som förvaltas av BBVA Asset Management, har stigit med 12,03 % hittills i år. Under de senaste 5 åren har den erbjudit en genomsnittlig avkastning på 16,12 %.

Den har tillgångar på 116,5 miljoner euro och följer Ibex 35 Net Return-indexet, vilket inkluderar utdelningar. Dess nuvarande kostnader är 1,21 %.

10 största portföljpositioner

VärdepapperVikt%
Inditex (Industria de Diseño Textil S.A.)13,57%
Banco Santander S.A.13,16%
Iberdrola S.A.12,39%
BBVA (Banco Bilbao Vizcaya Argentaria S.A.)10,32%
CaixaBank S.A.5,36%
Amadeus IT Group S.A.4,57%
Ferrovial SE4,42%
Futuro sobre IBEX 353,75%
Aena SME S.A.3,60%
Telefónica S.A.3,40%

Santander Indice España FI Openbank

Santander Asset Managements indexfond Ibex 35 har en avkastning på 12,08 % år 2025. Under fem år har den ackumulerat en avkastning på 16,20 %.

Den förvaltar tillgångar till ett värde av 961,7 miljoner euro, vilket gör den till en av de största fonderna i detta urval. Förvaltningsavgiften är 0,70 % och de löpande kostnaderna är 1,11 %.

10 största portföljpositioner

VärdepapperVikt%
Inditex (Industria de Diseño Textil S.A.)14,18%
Iberdrola S.A.12,70%
Banco Santander S.A.10,82%
Futuro sobre Ibex 35 (venc. 02/2025)9,90%
BBVA (Banco Bilbao Vizcaya Argentaria S.A.)9,16%
Bono España 0,65%5,57%
CaixaBank S.A.4,84%
Amadeus IT Group S.A.4,60%
Ferrovial SE4,40%
Aena SME S.A.3,60%

ING Direct Fondo Naranja Ibex 35 FI

Fondo Naranja Ibex 35 de ING, som förvaltas av Amundi Iberia, har hittills under 2025 haft en avkastning på 12,13 %. Under femårsperioden har den ackumulerat en avkastning på 16,31 %.

Denna fond har tillgångar på 268,4 miljoner euro och replikerar Ibex 35 Net Return. Förvaltningsavgiften är 0,99 % och de löpande kostnaderna är 1,1 %.

10 största portföljpositioner

VärdepapperVikt%
Inditex (Industria de Diseño Textil S.A.)13,90%
Banco Santander S.A.13,48%
Iberdrola S.A.12,69%
BBVA (Banco Bilbao Vizcaya Argentaria S.A.)10,57%
CaixaBank S.A.5,49%
Amadeus IT Group S.A.4,68%
Ferrovial SE4,53%
Aena SME S.A.3,68%
Telefónica S.A.3,49%
Cellnex Telecom S.A.3,48%

Caixabank Bolsa Índice España Estándar FI

Caixabank AM-fonden har hittills under 2025 redovisat en ökning på 12,23 %. Dess genomsnittliga avkastning under de senaste fem åren har varit 16,72 %.

Dess förvaltade tillgångar uppgår till 335,5 miljoner euro, och det motsvarar Ibex 35 Net Return. Din provision är i detta fall 1 % och dina nuvarande utgifter är 1,03 %.

10 största portföljpositioner

VärdepapperVikt%
Iberdrola S.A.13,61%
Banco Santander S.A.13,28%
Inditex (Industria de Diseño Textil S.A.)12,13%
BBVA (Banco Bilbao Vizcaya Argentaria S.A.)10,22%
CaixaBank S.A.5,82%
Amadeus IT Group S.A.4,49%
Ferrovial SE4,25%
Aena SME S.A.3,68%
Telefónica S.A.3,49%
Cellnex Telecom S.A.3,28%

Bindex España Índice FI

Och den mest lönsamma fonden bland de som är indexerade mot Ibex 35 år 2025 (även om vi talar om tiondelar och hundradelar jämfört med resten) är Bindex Spain Index, från BBVA Asset Management. Denna fond har hittills i år haft en avkastning på 12,35 % och en 5-årsavkastning på 17,35 %.

Med tillgångar på 146,4 miljoner euro har denna fond etablerat sig som det billigaste alternativet av de fem (förvaltningsavgift på 0,11 % och löpande kostnader på 0,14 %). Den replikerar också Ibex 35 Total Return.

10 största portföljpositioner

VärdepapperVikt%
Inditex (Industria de Diseño Textil S.A.)13,62%
Banco Santander S.A.13,20%
Iberdrola S.A.12,43%
BBVA (Banco Bilbao Vizcaya Argentaria S.A.)10,35%
CaixaBank S.A.5,38%
Amadeus IT Group S.A.4,59%
Ferrovial SE4,44%
Aena SME S.A.3,61%
Telefónica S.A.3,42%
Cellnex Telecom S.A.3,41%

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ASRP ETF ett spel på medtech företag världen över

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BNP Paribas Easy ECPI Global ESG Med Tech UCITS ETF EUR (ASRP ETF) med ISIN LU2365457410, försöker följa ECPI Global ESG Medical Tech-index. ECPI Global ESG Medical Tech-index spårar företag från utvecklade marknader över hela världen som är aktiva inom medicinteknikbranschen. Aktierna som ingår filtreras enligt ESG-kriterier (miljö, social och bolagsstyrning). De utvalda värdepapperen viktas lika i indexet.

BNP Paribas Easy ECPI Global ESG Med Tech UCITS ETF EUR (ASRP ETF) med ISIN LU2365457410, försöker följa ECPI Global ESG Medical Tech-index. ECPI Global ESG Medical Tech-index spårar företag från utvecklade marknader över hela världen som är aktiva inom medicinteknikbranschen. Aktierna som ingår filtreras enligt ESG-kriterier (miljö, social och bolagsstyrning). De utvalda värdepapperen viktas lika i indexet.

Den börshandlade fondens (total cost ratio) uppgår till 0,30 % p.a. BNP Paribas Easy ECPI Global ESG Med Tech UCITS ETF EUR är den billigaste och största ETF som följer ECPI Global ESG Medical Tech-index. ETF:n replikerar det underliggande indexets prestanda genom full replikering (köper alla indexbeståndsdelar). Utdelningarna i ETFen ackumuleras och återinvesteras.

BNP Paribas Easy ECPI Global ESG Med Tech UCITS ETF EUR är en mycket liten ETF med tillgångar på 12 miljoner euro under förvaltning. Denna ETF lanserades den 10 december 2021 och har sin hemvist i Luxemburg.

Handla ASRP ETF

BNP Paribas Easy ECPI Global ESG Med Tech UCITS ETF EUR (ASRP ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra och Borsa Italiana.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRONordnet, Aktieinvest och Avanza.

Börsnoteringar

BörsValutaKortnamn
gettexEURASRP
Borsa ItalianaEUREGEMT
Euronext ParisEURMEDTE
XETRAEURASRP

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Europafokuserade ETPer ser större andel av flödena under första kvartalet

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HANetf har släppt sin rapport om börshandlade europeiska ETPer för första kvartalet 2025, som avslöjar banbrytande insikter i den snabba utvecklingen av den europeiska ETF-marknaden.

HANetf har släppt sin rapport om börshandlade europeiska ETPer för första kvartalet 2025, som avslöjar banbrytande insikter i den snabba utvecklingen av den europeiska ETF-marknaden.

Tillgångar i europeiska ETPer nådde 2,4 biljoner dollar under första kvartalet, varav ETFer stod för 2,28 biljoner dollar. Kärnaktions-ETFer ledde flödena (45,70 miljarder dollar) medan räntebärande ETFer ökade med 15,19 miljarder dollar.

Viktiga data

  • Europeiska ETPer överstiger 2,4 biljoner dollar i förvaltat kapital under första kvartalet 2025
  • Flöden omdirigerades till Europafokuserade ETPer jämfört med USA-fokuserade mitt i tullkrisen
  • Kärnaktions-ETFer överstiger milstolpen på 1 biljon dollar i förvaltat kapital med 45,70 miljarder dollar i nettoflöden under första kvartalet
  • Aktiva ETFer i förvaltat kapital ökade med 11,65 % under första kvartalet och optionsbaserade ETFer i förvaltat kapital med 54,55 %.
  • Antalet europeiska ETP-varumärken fortsätter att öka och uppgår nu till totalt 131.
  • Europa godkänner semitransparenta ETFer, vilket potentiellt uppmuntrar fler aktiva förvaltare i USA att gå in på den europeiska ETF-marknaden.
  • Försvars-ETFer såg flöden på 4,16 miljarder dollar under första kvartalet, vilket motsvarar 4,5 % av de totala ETF-flödena i Europa och en 5-faldig ökning jämfört med föregående kvartal.

Läs hela rapporten för att upptäcka kvartalsdata, ETF-marknadens utveckling, tillväxten inom nya områden som optionsbaserade ETFer och mer.

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