Digital Assets & Metaverse Monthly Report | January

16 January 2024

Digital Assets ETF and Metaverse ETF Macro Outlook | January

 

December was an exceptionally good month for cryptoassets and crypto-related equities in particular. More specifically, the ETC Group Global Metaverse UCITS ETF (METR) returned 9.28% and the ETC Group Blockchain UCITS ETF (KOIN) returned a staggering 37.75% in December alone. 

All in all, 2023 was a very good year for blockchain-related equities. In fact, the ETC Group Blockchain UCITS ETF (KOIN) has been one of the best-performing ETFs worldwide. 

The industry continues to be supported by the strong recovery in underlying crypto markets that has greatly benefited mining companies such as Marathon Digital or Riot Platforms that are among the biggest holdings within the Blockchain ETF. 

The strong rally in chip manufacturers like Nvidia or AMD has also supported the overall performance of the ETF in 2023.

From the macro side, the US spot Bitcoin ETF approval and the associated new capital flows into cryptoassets and a potential reversal in US monetary policy continue to be the main tailwinds for cryptoassets and crypto-related equities going forward. 

More specifically, an ETF approval in the US is expected to happen this week while the Fed is expected to cut interest rates more than 5 times in 2024.  

 

For more insights visit https://www.etc-group.com/blog/

 

 

Sources available upon request. All performance figures are showing net data. Past performance is not indicative of future performance and when you invest in ETFs your capital is at risk. 

© ETC Group 2019-2023 All rights reserved 

Blockchain ETF and Metaverse ETF Performance
 
As of 31.12.2023
 

 

1M

3M

6M

YTD

12M

2Y

SI

ETC Group Digital Assets and Blockchain Equity UCITS ETF

37.75%

68.95%

40.23%

135.60%

135.60%

-44.27%

-63.36%

Solactive ETC Group Digital Assets and Blockchain Equity Index 

37.89%

69.25%

40.72%

137.61%

137.61%

-43.45%

-62.84%

 

 

1M

3M

6M

YTD

12M

SI

ETC Group Global Metaverse UCITS ETF

9.28%

26.70%

18.40%

65.25%

65.25%

30.76%

Solactive ETC Group Global Metaverse Index

9.33%

27.13%

18.99%

66.72%

66.72%

32.25%

 

Please note that all performance figures are showing net data. Source: Bloomberg / HANetf. Data as of 29/12/2023

Performance before inception is based on back tested data. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such strategy would have been. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. When you invest in ETFs and ETCs, your capital is at risk.

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