In this quick video insight, I wanted to walk you through the digital asset space, as we’ve seen a slew of new altcoins launch and are getting many questions on how to track them.
I want to focus on how you can track these on our platform, specifically using our dashboards. When I go into the member access platform, our “Digital Assets” dashboard shows the entire channel has $169 billion in AUM. We use our proprietary classification to group these up, primarily by Bitcoin, Ethereum, Multi-coin, and the category I want to focus on: Altcoin.
When I dive deeper into that altcoin category, I can see it already has $1.3 billion in AUM. The league table for this space shows BSOL has the most AUM with $497 million, followed by the Rex Osprey soul staking ETF.
But the most interesting story is in the flows. We know digital assets have been under pressure, and performance has been rough. However, while the digital asset complex as a whole lost $3 billion over the last month, this altcoin category alone brought in $664 million.
As an specific example, I can see the BSOL product accounts for $550 million of that inflow. When I look at its daily flows, I see it had a big start and has continued to see steady flows pretty much every day since. I just wanted to highlight how I use our classification system and dashboards to filter and find these new products as they come to market.
Access the Digital Assets Dashboard here: https://app.etfaction.com/platform/dash/currency-crypto-dashboard
Have a question you’d like answered in a future Quick Hitter? Drop us a line here and we will try to feature it in a future video!
Disclosures:
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
