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The Markets
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Blockchain & Crypto

Digital asset ETPs post first monthly gain of 2026, Fineqia analysis shows

Global digital asset exchange-traded products rebounded in April 2026, with total assets under management climbing 11.5% to $136.4 billion from $122.4 billion at the end of March, according to an analysis by Fineqia International Inc (CSE:FNQ).

The recovery marked the first meaningful positive month of 2026 for the sector following a steep sell-off in the first quarter, according to Fineqia’s senior associate Matteo Greco.

Total digital asset market capitalisation rose 8.3% during the month, from $2.43 trillion to $2.63 trillion. ETP AUM growth outpaced the broader market, suggesting a partial return of investor appetite for regulated digital asset exposure.

Despite the monthly improvement, total crypto ETP AUM remained down 16.9% year-to-date from $164.2 billion at the end of 2025, while total digital asset market capitalisation was down 13.8% over the same period.

Bitcoin-backed ETPs, the dominant segment, posted AUM of $111.8 billion at the end of April, up 12.1% from $99.7 billion in March. Bitcoin's price rose 12.2% over the same period to $76,305, with ETP AUM growth closely tracking the underlying asset's recovery. On a year-to-date basis, Bitcoin ETP AUM remained down 14.5% from $130.7 billion at the end of 2025. Bitcoin accounted for approximately 81.9% of total crypto ETP AUM at the end of April.

Ethereum ETPs rose 7.8% to $15.6 billion, modestly outpacing ETH's 6.1% price increase to $2,256, pointing to slightly positive flow dynamics during the month. Ethereum AUM remained down 27.8% year-to-date from $21.5 billion, making it one of the weakest-performing major segments in 2026. Ethereum represented approximately 11.4% of total crypto ETP AUM at the end of April.

Basket products were the strongest performers in April, with AUM rising 17.4% to $3.57 billion. Altcoin ETPs also recovered, gaining 6.8% to $5.53 billion, though the more modest rebound compared with basket products suggested investors favoured diversified exposure over direct single-asset altcoin allocations in the early stages of the recovery. Together, the two categories accounted for approximately 6.7% of total crypto ETP AUM.

On a year-to-date basis, basket ETP AUM remained down 22.9% from $4.63 billion at the end of 2025, while altcoin ETP AUM was down 24.6% from $7.34 billion.

The number of listed digital asset ETPs reached 322 at the end of April, up from 318 at the end of March and 312 at the end of 2025, confirming continued issuer activity despite the volatile market environment.

The key factor to watch in the coming months, according to Fineqia’s Greco, will be whether April's positive momentum translates into sustained net inflows,

“The continued expansion in listed products to 322 confirms that the structural development of the crypto ETP market remains intact,” Greco wrote.

“The key factor to monitor in the coming months will be whether April’s positive momentum translates into renewed sustained inflows, or whether ETP demand remains primarily price driven after the early 2026 drawdown.”

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