Fineqia International Inc (CSE:FNQ, OTC:FNQQF) has announced that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral, revealed a 53% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid continued interest by investors.
The digital asset and fintech investment business also said year-to-date, total AUM shows a premium growth of 18% compared to the underlying value of digital assets, which grew slower at 45%.
"Bitcoin rose in September, which contrasted price drops during the same month in recent years as well as September monthly declines this year for many traditional assets such as global bonds, US treasuries, and S&P 500 stocks," Fineqia International CEO Bundeep Singh Rangar said in a statement.
"It provided investors a way to offset an otherwise challenging market," Rangar added.
Fineqia noted that in September, total AUM increased 1% to US$30.5 billion from US$30.2 billion, while the market value of digital assets rose 7% to about $1.15 trillion.
On a quarterly basis, though, the total AUM dropped 13% in 3Q, after growing 67% and 5% in 1Q and 2Q, respectively, the company added.
Bitcoin's (BTC) price increased 4% month over month in September to US$27,000, while the price of Ethereum (ETH) rose 1.8% to US$1,675 over the same period.
With offices in Vancouver and London, Fineqia International 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.
The company's portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, NFTs, AI, and fintech.
Contact Sean at sean@proactiveinvestors.com