Mr. Bundeep Rangar reports

WORLDWIDE DIGITAL ASSET-BASED ETP AUM REMAINS 53% AHEAD YTD DESPITE QUARTERLY DROP

Fineqia International Inc.'s analysis of global exchange-traded products (ETPs) with digital assets as underlying collateral revealed a 53-per-cent growth in total assets under management (AUM) in the year-to-date (YTD) period amid continued interest by investors. On a quarterly basis, the total AUM dropped 13 per cent in Q3, after growing 67 per cent and 5 per cent in Q1 and Q2, respectively.

Year to date, total AUM shows a premium growth of 18 per cent compared with the underlying value of digital assets, which grew slower at 45 per cent. In September, total AUM increased 1 per cent to $30.5-billion from $30.2-billion. During the same month, the market value of digital assets rose 7 per cent, to about $1.15-trillion from $1.08-trillion.

"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, U.S. treasuries, and S&P 500 stocks," said Fineqia chief executive officer Bundeep Singh Rangar. "It provided investors a way to offset an otherwise challenging market."

Bitcoin's (BTC) price increased 4 per cent in September, to $27,000 from $26,000 recorded on Aug. 31. The AUM of ETPs holding BTC increased by 1.8 per cent, to $21.7-billion from $21.3-billion. Year to date, the AUM of ETPs holding BTC rose 59.7 per cent, despite a 12.7-per-cent decrease recorded in Q3. BTC price closely mirrored, falling 11.4 per cent during Q3.

During September, Ethereum (ETH) rose 1.8 per cent in value to $1,675 from $1,646 recorded at the end of August. Ethereum-denominated (ETH) ETPs AUM decreased 0.6 per cent to $6.7-billion on Sept. 30, compared with $6.8-billion a month earlier. On a quarterly basis, the AUM of ETPs holding ETH decreased by 14.2 per cent. Similarly, ETH prices dropped 13.3 per cent. Year to date, the total AUM of ETPs holding ETH increased by 35.4 per cent.

ETPs representing a diversified basket of cryptocurrencies decreased 3.2 per cent in AUM during September, with a total decline of 11.5 per cent in Q3. Despite this drop, basket ETPs registered a 32-per-cent increase in AUM on a YTD basis. ETPs representing an index of alternative coins increased by 2.3 per cent in September against a backdrop of a 14.2-per-cent decrease in Q3. Year to date, ETPs holding individual altcoins showed the weakest growth, in comparison with other digital assets categories, with a 9.5-per-cent increase in AUM.

ETPs include exchange-traded funds (ETFs) and exchange-traded notes (ETNs). Fineqia Research's AUM calculation factors in the launch or closure of ETPs during any stated period. The number of tracked ETPs stood at 169 as of end of September, a slight increase from 162 at the beginning of the year.

All references to price are quoted in U.S. dollar, and the cryptocurrency prices are sourced from CoinMarketCap.

The ETP and ETF AUM data referenced in this announcement were compiled from reputable sources, including 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., Morningstar Inc. and TrackInSight SAS, by Fineqia's dedicated in-house research department.

About Fineqia International Inc.

Fineqia 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 United Kingdom. Publicly listed in Canada with offices in Vancouver and London, Fineqia's portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, non-fungible tokens, artificial intelligence and financial technology.

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