Crypto asset manager CoinShares announces record ETP volume
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Crypto asset manager CoinShares announces record ETP volume
Crypto asset management firm CoinShares announced that the company’s ETP products touched record trading volumes on May 19, 2021 amid a huge jump in the volatility of the cryptocurrency market.
According to sourceTwo ETPs from CoinShares saw more than $490 million traded on Wednesday after the cryptocurrency market experienced a major drop.
The total market capitalization of the cryptocurrency market reached a record high of $2.6 trillion earlier this month.
Due to the recent volatility, the market capitalization of cryptocurrencies touched as low as $1.4 trillion on Wednesday.
As of this writing, the total value of digital currencies is around $1.75 trillion.
Commenting on the recent announcement from CoinShares, Frank Spitteri, Chief Revenue Officer at CoinShares, said:
Read:Ripple expands internationally and opens its first office in Dubai
These impressive volumes demonstrate the power of our ETP that delivers great results for our investors and continues to run smoothly even during the most volatile periods.
While many cryptocurrency exchanges have suspended trading, our ETP is being used as a reliable tool to access the digital asset class.
Earlier this week, CoinShares released its weekly crypto money flow report and highlighted a significant jump in bitcoin-related outflows.
Bitcoin investment products saw nearly $98 million in outflows last week.
ETP Cryptocurrency:
During the latest announcement, CoinShares reported that global investors are adopting the cryptocurrency ETP.
The crypto asset management company has identified some of the major achievements of “CoinShares ETPs” in the past few years.
In its report, the company said that the company’s ETPs reached $5 billion in assets under management (AUM) during April 2021.
In the official announcement, Jean-Marie Magnetti, CEO of CoinShares stated:
Technology is the backbone of our company and over the past seven years, we have invested in building the right infrastructure and trading platform with enough capacity and performance to bring confidence, transparency and reliability to this new asset class.
Read:XRP Case Update: What did the court say about Ripple’s refusal to file its offshore MOU?
That our product family has not had to stop trading despite some amazing spikes in volatility.
Read also:
One of the Big Four Audit Firms Increases Its Investments in the Blockchain Market
Samsung announces that it will facilitate the use of the blockchain on its “Galaxy” phones
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time