Fineqia International Inc. (CSE: FNQ) (“Fineqia”), a prominent fintech and digital asset investment company, has recently highlighted a remarkable 51% growth in Assets Under Management (AUM) for global Exchange Traded Products (ETPs) backed by digital assets year-to-date (YTD). This surge saw crypto AUM rise by an impressive 63.5%, a rate that exceeded the growth of the underlying digital assets themselves, which saw an increase of 31.5%.

However, August presented a downtrend as total crypto AUM plummeted by 11%, moving from $34 billion to $30.2 billion. Parallel to this decrease, the market value of digital assets dipped to about $1.05 trillion from an earlier $1.17 trillion. Fineqia’s CEO, Bundeep Singh Rangar, commented on this slump, pointing out the historical weakness observed in digital assets for August, and paralleled it with the S&P 500’s 1.4% drop.

Major cryptocurrencies, namely Bitcoin (BTC) and Ethereum (ETH), were not spared from this decline. Bitcoin’s price saw a reduction of 11%, settling at $26,000 from an earlier value of $29,200. Similarly, Ethereum’s value decreased by 11.2%. This affected the AUM of ETPs holding these assets, with BTC and ETH witnessing a drop of 10.7% and 10.9% respectively.

An important development in the digital asset domain was Grayscale’s lawsuit victory against the SEC. The US-based digital asset management company was previously denied its Bitcoin Spot ETF filing by the SEC. Following the lawsuit, the court has called for a review of this rejection. Yet, even with this legal triumph, Grayscale’s cumulative AUM in August fell by 10.7%. Interestingly, the Grayscale Bitcoin Trust’s discount tightened to 20%, its lowest since 2022.

Performance metrics of other ETPs showed that those representing various cryptocurrencies observed a 13.1% decline in their AUM. Additionally, ETPs focused on alternative coins faced a drop of 16.2%. As of August’s end, the total number of ETPs being tracked was 163, accounting for any launches or closures during the period.

Lastly, to provide context, Fineqia is a pioneering digital asset firm, investing in the vanguard tech companies shaping the future of the internet. They have a keen interest in companies working on tokenization, blockchain, AI, NFTs, and fintech. With its public listing in Canada, Fineqia maintains a significant presence in both Vancouver and London. The above summary was prepared from a news release issued by Fineqia today, titled Worldwide Digital Asset-Based Exchange Traded Products AUM Surges 51% Year-to-Date.

In this InvestorIntel interview, Chris Thompson talks with Fineqia International Inc.’s (CSE: FNQ) CEO, and Director Bundeep Singh Rangar about receiving approval for its base prospectus in the European Economic Area to offer Exchange Traded Notes (ETNs) collateralized by digital assets. In addition to tracking price movements of its underlying digital assets, Bundeep discusses how its ETNs will also generate yield for investors.

Bundeep provides an update on their recently announced partnership with FTSE Russell, a leading global index pricing provider. In addition to enhancing the transparency and liquidity of Fineqia’s digital asset investment products, Bundeep explains how the partnership with FTSE Russell lends credibility to Fineqia’s integrity and helps them target institutional investors.

Sharing his confidence in the long-term adoption and growth of digital and alternative assets, Bundeep provides an update on Fineqia’s new venture capital fund, called Fineqia Glass Slipper Ventures (FGSV), which will invest in innovative companies in the digital asset industry.

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About Fineqia International Inc.

Fineqia (www.fineqia.com) is a digital asset business that builds and targets investments in early and growth-stage technology companies that will be part of the next generation of the Internet. It also provides a platform to support and manage the issuance of debt securities in the UK. Publicly listed in Canada (CSE: FNQ) with offices in Vancouver and London, Fineqia’s portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, NFTs, and fintech.

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In a recent InvestorIntel interview, Tracy Weslosky spoke with Chris Thompson, President of eResearch Corp. about his 19-page Update Equity Research Report on DATA Communications Management Corp. (TSX: DCM)(“DCM”).

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Chris discussed DCM’s third quarter financial results for 2021 with a positive year-over-year revenue trend and strong EBITDA. He went on to provide an update on DCM’s digital asset management solution as they continue to execute on their digital first strategy. In the interview, Chris also provided an update on the largest revenue growth drivers for DCM in 2022.

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About eResearch Corporation

eResearch Corporation is a respected source for institutional-quality, equity research focused primarily on small- and mid-cap companies. The focus is on identifying companies that have interesting prospects, sound management, and significant potential for share price appreciation. The company complements its corporate research coverage with a diversified selection of informative, insightful, and thought-provoking research publications from a wide variety of investment professionals. The professional investment research and analysis is provided directly to the subscriber network of discerning investors, and electronically through its website, www.eresearch.com