Crypto Exchange-Traded Products See Surge in AUM, Reaching $67B

The Rise of Crypto-Derived Exchange-Traded Products in Web 3.0

CoinShares reports a record-breaking week for inflows in crypto-derived exchange-traded products (ETPs), pushing their combined assets under management (AUM) to levels not seen since the last bull market peak in 2021. This surge is attributed to the positive price action in the crypto market and year-to-date inflows of $5.2 billion. As a result, the AUM for crypto investment products now stands at $67 billion, marking the highest level since December 2021.

The majority of the inflows, amounting to $2.45 billion, were seen in United States-listed crypto ETPs in the week ending February 16. This includes the 10 approved spot Bitcoin ETFs, which saw a significant increase in net inflows. Notably, BlackRock and Fidelity’s ETFs accounted for nearly $2.3 billion of last week’s inflows, with $1.6 billion and over $648 million, respectively.

The Evolution of the Web: From 1.0 to 3.0

With the rise of web 3.0, there have been significant advancements and differences compared to its predecessors, web 1.0 and web 2.0. Web 3.0 is characterized by the use of blockchain technology, decentralized applications, and smart contracts, offering a more secure and efficient online experience. In contrast, web 1.0 and 2.0 were primarily focused on information sharing and user-generated content, respectively.

One of the key differences between web 2.0 and 3.0 is the shift towards a more decentralized and user-controlled internet. This is evident in the rise of platforms like Polygon, which offer a decentralized framework for building and connecting blockchain networks. Additionally, the price of web 3.0 technologies has also been on the rise, reflecting the growing demand and potential for this new era of the internet.

The Evolution Continues: From Web 1.0 to 4.0

As we look towards the future, it’s clear that the evolution of the web is far from over. The differences between web 1.0, 2.0, and 3.0 will continue to expand as we enter the era of web 4.0. This next phase is expected to bring even more advancements, such as artificial intelligence and virtual reality, further blurring the lines between the physical and digital worlds. It’s an exciting time to be a part of the ever-evolving landscape of the internet.

Differences Between Web 1.0, 2.0, and 3.0: Grayscale’s Outflows and Bitcoin’s Inflows

According to Grayscale’s CEO Michael Sonnenshein, there has been a significant decrease in outflows from established players in the cryptocurrency market. This is happening simultaneously with a rise in inflows for Bitcoin, which has seen a staggering $7 billion leave the fund since January 1st, when it converted to an ETF.

Despite this, Bitcoin has gained over 4% in the past week, reaching a high of $52,000, a level not seen since December 2021. This is reflected in the recent report on Web 3.0, which highlights the differences between Web 2.0 and Web 3.0. The report also mentions the increasing popularity of Polygon, a blockchain platform that is often referred to as the “Ethereum killer”.

While Bitcoin continues to thrive, some investors are anticipating a price drop and have added $5.8 million in inflows to short-Bitcoin products. Meanwhile, Ether products have seen minor inflows of $21 million, with the price of Ether reaching a high of $2,800, a level last seen in May 2022.

The weekly inflows for Altcoin ETPs based on Avalanche (AVAX), Chainlink (LINK), and Polygon (MATIC) have been consistently strong this year, according to Butterfill. Each of these products has seen around $1 million in inflows.

However, Solana (SOL) products experienced outflows of $1.6 million, which Butterfill attributes to the recent network downtime in early February, causing a negative impact on sentiment.

When comparing web 1.0, 2.0, and 3.0, there are notable differences. A web 3.0 report highlights the distinctions between these versions. One key difference between web 2.0 and web 3.0 is the incorporation of Polygon, a major player in the web 3.0 space. Investors are also keeping a close eye on the web 3.0 price, as it continues to evolve and shape the digital landscape.

There are many discussions surrounding the differences between web 1.0, 2.0, and 3.0. Some believe that web 3.0 is simply a progression from web 2.0, while others argue that there are distinct differences between these versions. Some even go as far as to compare web 1.0, 2.0, 3.0, and 4.0, highlighting the ever-evolving nature of the internet and its technologies.