Solana

Million

Stellar

Spot

<div class="watcher-guru"> 
 <p><a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a>, XRP, and <a rel="noopener noreferrer nofollow" title="Stellar" href="https://thebittimes.com/tag/stellar.html">Stellar</a>-based crypto investment products have seen a rise in Assets Under Management [AUM] and a spike in activity. On a monthly basis, XLM products surged by 62.7% to $17.3 million. The rise came on the back of a pump registered by Grayscale’s XLM<br>product. XRP and SOL products recorded 33.2% and 55.7% increases in AUM. The figures currently stand at $65.7 million and $87.8 million respectively.</p> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" width="693" height="291" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" class="wp-image-103741 ewww_webp" sizes="(max-width: 693px) 100vw, 693px" data-src-img="https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp.webp 693w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp.webp 300w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp.webp 380w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp.webp 550w" data-srcset-img="https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 693w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 300w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 380w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 550w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="693" height="291" src="https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp" alt="" class="wp-image-103741" srcset="https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 693w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 300w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 380w, https://cdn.thebittimes.com/images/2023/07/27/2aba653e246a2717b91b9edc73a73d33.webp 550w" sizes="(max-width: 693px) 100vw, 693px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: CCData 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: $7.4 Million Asset Managing <a rel="noopener noreferrer nofollow" title="Stellar" href="https://thebittimes.com/tag/stellar.html">Stellar</a> Lumens Fund Shares Pump 430%</strong></p> 
 <h3 class="wp-block-heading" id="h-investors-pick-etcs-over-etfs">Investors pick ETCs over ETFs</h3> 
 <p>Over the past few weeks, a flurry of ETF-related developments has taken place. Specifically, asset managers from around the world, right from the U.S. to Europe and Australia, filled out applications and launched their products. However, in July, Exchange Traded Commodities [<a rel="noopener noreferrer nofollow" title="ETCs" href="https://thebittimes.com/tag/etcs.html">ETCs</a>] registered the highest increase in AUM. They recorded a 31.4% rise to $2.67 billion. In that process, their market share rose from 6.11% to 7.91% in a month. <a rel="noopener noreferrer nofollow" title="ETCs" href="https://thebittimes.com/tag/etcs.html">ETCs</a> were followed by ETF products, which increased 6.07% to $3.88 billion, commanding 11.5% in market share. Nevertheless, trust products were the leader of the pack. Elucidating on the same, a recent CCData research report revealed,</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><strong>“Trust products continued to dominate in terms of AUM, with a market share of 74.4%.”</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> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" loading="lazy" width="700" height="310" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" class="wp-image-103744 ewww_webp" sizes="(max-width: 700px) 100vw, 700px" data-src-img="https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp.webp 700w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp.webp 300w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp.webp 380w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp.webp 550w" data-srcset-img="https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 700w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 300w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 380w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 550w" data-eio="j"> 
  <noscript> 
   <img decoding="async" loading="lazy" width="700" height="310" src="https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp" alt="" class="wp-image-103744" srcset="https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 700w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 300w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 380w, https://cdn.thebittimes.com/images/2023/07/27/42b6da6f1b24c9aee841b2e32d5a9f39.webp 550w" sizes="(max-width: 700px) 100vw, 700px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: CCData 
  </figcaption> 
 </figure> 
 <p>Company-wise, Grayscale was the biggest beneficiary. The aggregate value of all its products surpassed $25 billion, helping the company maintain its position as a dominant player. It was followed by ProShares, 21Shares, Purpose Invest, CoinShares, and VanEck.</p> 
 <p>The improved statistics bring to light that users continue to hunt for new avenues to provide them exposure to crypto. Innovation and regulations are not essentially going hand-in-hand at the moment. Several regulators, including the SEC, have expressed cynicism over crypto-related spot products. However, with new applications filed by top asset managers, the community remains optimistic and is looking forward to more launches in the near future. </p> 
 <p><strong>Also Read: Australia Receives First Spot Bitcoin ETF Application</strong></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></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>ETCs</li> 
  <li>ETFs</li> 
  <li>sec</li> 
  <li>Solana</li> 
  <li>Stellar</li> 
  <li>xrp</li> 
 </ul> 
</div>

XRP, Solana, Stellar Crypto Products See Upto 60% AUM Hikes

Spis treści

TheBitTimes

Inne artykuły opublikowane 1 sie 2023

SEC Wanted Coinbase to Stop Trading All Crypto Except Bitcoin

Justin Sun, other crypto investors buy CRV token in attempt to help Curve Finance

Judge in Terraform Labs case rejects earlier Ripple ruling against SEC

BALD Memecoin Plummets Over 87% Amidst Liquidity, Is SBF Behind the BALD Token Rugpull?

SEC Sues Hex Founder Richard Heart For Alleged Fraud, Says He Used Gains to Buy Sports Cars, Blac...

Hong Kong and Saudi Arabia to boost financial services integration

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!