Ethereum

Franklin

Bitcoin

<div class="watcher-guru"> 
 <p>The crypto community continues to remain focused on crypto ETFs. Franklin Templeton’s spot BTC submission managed to rekindle the hype. Even though the U.S. hasn’t approved a spot crypto ETF, there are regions in Europe where the investment vehicle has already made its debut. In fact, the top 25 crypto ETFs and ETPs offered by 14 different providers, are incorporated across eight countries.</p> 
 <p>It is a known fact that most investment options are Bitcoin and Ethereum-centric. However, a recent CoinGecko <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> report revealed that around 1/4 of the top 25 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a>s and <a rel="noopener noreferrer nofollow" title="ETP" href="https://thebittimes.com/tag/etp.html">ETP</a>s focus on other assets as well. The report mentioned, </p> 
 <p><strong>“3 broader crypto-themed offerings and 2 blockchain-themed ETFs made it into the top 25.”</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <p>Parallelly, there is an investment vehicle that focuses on an individual altcoin as well. The report highlighted that the&nbsp;21Shares Binance BNB <a rel="noopener noreferrer nofollow" title="ETP" href="https://thebittimes.com/tag/etp.html">ETP</a> [ABNB] ranked as the 15th largest <a rel="noopener noreferrer nofollow" title="ETP" href="https://thebittimes.com/tag/etp.html">ETP</a>. In fact, ABNB is the only <a rel="noopener noreferrer nofollow" title="ETP" href="https://thebittimes.com/tag/etp.html">ETP</a> in the top 25 list that is Binance Coin-based.</p> 
 <div class="wp-block-image"> 
  <figure class="aligncenter size-large is-resized"> 
   <img decoding="async" src="https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp" alt class="wp-image-111644" style="width: 100%;height:523px" width="418" height="523" srcset="https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 819w, https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 240w, https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 768w, https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 380w, https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 550w, https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 800w, https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 1160w, https://cdn.thebittimes.com/images/2023/09/13/e4329cb0e4748db02c93649ac793ddd4.webp 1200w" sizes="(max-width: 418px) 100vw, 418px"> 
   <figcaption class="wp-element-caption">
     Source: CoinGecko 
   </figcaption> 
  </figure> 
 </div> 
 <p><strong>Also Read: Over 20,000 Crypto Tokens Have Faced Wash Trading Since 2020</strong></p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <h3 class="wp-block-heading" id="h-are-altcoin-etfs-and-etps-a-dead-cause">Are Altcoin ETFs, and ETPs a Dead Cause?</h3> 
 <p>21Shares’ Binance BNB ETP made its debut on Oct. 13, 2019. According to the official website, it has an aggregate AUM of $219,739,511. On the performance front, ABNB has been closely following BNB’s cues. During the initial five months of 2023, the ETP managed to outperform stock market indices like the S&amp;P 500 and Europe Stoxx. However, amid the broader crypto turbulence and the Binance lawsuit and manipulation FUD, the investment vehicle’s performance started deteriorating. On the YTD front [as of Sept. 5, 2023], ABNB’s ROI stood at -13.9% when compared to BNB’s -12.5%. Contrarily, the benchmark American and Eurozone stock exchanges were up 16.8% and 8.32%, respectively.</p> 
 <figure class="wp-block-image size-large is-resized"> 
  <img decoding="async" src="https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp" alt class="wp-image-111648" style="width: 100%;height:347px" width="700" height="347" srcset="https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 1024w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 300w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 768w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 1536w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 380w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 550w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 800w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 1160w, https://cdn.thebittimes.com/images/2023/09/13/c83f66fc87a7f0946c693137f771965a.webp 1796w" sizes="(max-width: 700px) 100vw, 700px"> 
  <figcaption class="wp-element-caption">
    Source: 21Shares 
  </figcaption> 
 </figure> 
 <p><strong>Also Read:&nbsp;Banana Gun’s&nbsp;Crypto Crashes by 99.7%: ChatGPT Finds Contract Bug</strong></p> 
 <p>Nevertheless, on the broader timeframe, i.e., since launch, ABNB’s performance has been promising and more appealing when compared to the stock index alternatives. Traditional financial investors and fund managers obviously have greater confidence in Bitcoin and Ethereum as alternative investments. However, companies are now readily experimenting with other options as well.</p> 
 <p>As reported recently, Hong Kong-based financial service firm HashKey’s $100 million digital asset fund is set to significantly invest in altcoins.&nbsp;Revealing the reason behind this move, the company’s Portfolio Manager said that the fund’s goal was to outperform the market leader, Bitcoin, and enhance investor’s returns. Bold, unconventional calls like these point towards the growing conviction of companies. Perhaps, as the market matures, we will see more altcoin investment options as well.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p><strong>Also Read:&nbsp;This is Bitcoin’s Strongest Recovery Excl. ‘ETF-Rally’ Since July 13</strong></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>bitcoin</li> 
  <li>crypto</li> 
  <li>ETF</li> 
  <li>ethereum</li> 
  <li>ETP</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-6-of-25-etfs-etps-are-non-bitcoin-ethereum-centric-tbt62532.html">https://thebittimes.com/crypto-6-of-25-etfs-etps-are-non-bitcoin-ethereum-centric-tbt62532.html</a></p>

Crypto: 6 of 25 ETFs, ETPs are Non Bitcoin, Ethereum Centric

Table of Contents

TheBitTimes

Other articles published on Sep 13, 2023

OneCoin Co-Founder Imprisoned Over Deceiving 3.5M People

PayPal Expands Crypto Services with On and Off Ramps Integration

Ripple CEO calls US one of the worst regions for crypto startups

Ripple CTO: ‘I Can’t See Any Sensible Way’ to Distribute XRP on Mainnet

New BitMEX market lets users predict fate of former FTX CEO and Bitcoin ETF

Google announces $25M grant to AI projects focused on SDGs

Join our free newsletter for daily crypto updates!