Crypto ETFs See Net Inflows Of Just $741M In 2022 After 9B+ Of Inflows In 2021

HFA Padded
Jacob Wolinsky
Published on

LONDON — December 30, 2022 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that Crypto ETFs and ETPs listed globally saw net inflows of US$37 Mn during November, bringing year-to-date net inflows to US$741 Mn, which is much lower than the   US$9.02 Bn gathered at this point last year. Total assets invested in Crypto ETFs and ETPs decreased by 17.0% from US$7.49 Bn at the end of October 2022 to US$6.22 billion, according to ETFGI’s November 2022 ETF and ETP Crypto industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

Q3 2022 hedge fund letters, conferences and more

Highlights

  • Net inflows of $37 Mn during November 2022.
  • Year-to-date net inflows of $741 Bn.  
  • 2nd month of consecutive net inflows.
  • Assets of $6.22 Bn invested in Crypto ETPs listed globally at the end of November 2022.
  • Assets have decreased 61.3% during 2022 going from $16.05 Bn at end of 2021 to $6.22 Bn.

“The S&P 500 increased by 5.59 % in November but is down 13.10% YTD in 2022. Developed markets excluding the US increased by 10.63% in November but are down 15.67% YTD in 2022. Hong Kong (up 24.17%) and Netherlands (up 17.45%) saw the largest increases amongst the developed markets in November. Emerging markets increased by 13.26% during November but are down 16.86% YTD in 2022. China (up 27.38%) and Turkey (up 24.58%) saw the largest increases amongst emerging markets in November.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

Global Crypto ETF and ETP asset growth as at end of November 2022

Since the launch of the first Crypto ETF/ETP in 2015, the Bitcoin Tracker One-SEK, the number and diversity of products have increased steadily, with 166 Crypto ETFs/ETPs and 489 listings globally at the end of November 2022. During November, 5 new Digital Asset ETFs/ETPs were launched in November

The Global digital assets ETF/ETP industry had 166 ETFs/ETPs, with 489 listings, assets of $6 Bn, from 35 providers listed on 19 exchanges in 15 countries. Following net inflows of $37 Mn and market moves during the month, assets invested in Crypto ETFs/ETPs listed globally decreased by 17.0 % from $7.49 Bn at the end of October 2022 to $6.22 Bn at the end of November 2022.

Substantial inflows can be attributed to the top 20 ETFs/ETPs by net new assets, which collectively gathered
$87.80 Mn during November. ProShares Bitcoin Strategy ETF (BITI US) gathered $35.72 Mn, the largest individual net inflow.

Top 20 Crypto ETFs/ETPs by net new assets November 2022

Name

Ticker

Assets

($ Mn)

Nov-22

NNA

($ Mn)

YTD-22

NNA

($ Mn)

Nov-22

ProShares Short Bitcoin Strategy ETF

BITI US

119.79

129.78

35.72

BTCetc – ETC Group Physical Bitcoin – Acc

BTCE GY

285.27

(45.29)

10.72

CoinShares Physical Bitcoin – Acc

BITC SW

170.12

59.46

6.40

Hashdex Nasdaq Crypto Index ETF

HDEX BH

216.54

88.12

6.26

Hashdex Nasdaq Crypto Index Fundo de Índice

HASH11 BZ

182.86

100.72

5.97

CoinShares Physical Ethereum – Acc

ETHE SW

93.89

39.67

2.90

Purpose Bitcoin Yield ETF

BTCY/B CN

26.92

49.61

2.84

WisdomTree Ethereum

ETHW SW

28.52

14.95

2.37

21Shares Bitcoin ETP – Acc

ABTC SW

145.81

45.67

2.33

VanEck Ethereum ETN – Acc

VETH GY

52.55

14.37

2.11

21Shares Sygnum Platform Winners Index ETP – Acc

MOON SW

26.45

15.99

1.82

Purpose Ether Yield ETF

ETHY/B CN

31.57

61.81

1.34

VanEck Crypto Leaders ETN

VT0P GY

2.99

5.33

1.28

Fidelity Physical Bitcoin ETP

FBTC GY

3.06

6.58

1.18

Hashdex Crypto Momentum Factor ETP

HAMOCHF SW

0.87

1.02

1.02

VanEck Bitcoin ETN – Acc

VBTC GY

91.54

8.33

1.01

Valkyrie Bitcoin Strategy ETF

BTF US

19.86

(28.31)

0.73

Global X 21Shares Bitcoin ETF

EBTC AU

3.46

4.78

0.66

CoinShares Physical Staked Matic

CPYG GY

1.53

1.29

0.58

Fidelity Advantage Bitcoin ETF

FBTC CN

19.61

27.34

0.57

HFA Padded

Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.