The trading volume of ETN based on bitcoin and ether on the London Stock Exchange amounted to $504,880. Of these, 59% were for WisdomTree products and 41% for 21Shares. Invesco products were not in demand among market participants — trading volumes for them turned out to be zero.
According to analysts, trading ETNs based on bitcoin and ether can get a boost, but only after retail investors can work with them. Currently, exchange-traded notes are available only to institutional investors.
According to Alex Pollack, CEO of 21Shares, little demand for ether-based and bitcoin-based ETNs was expected in the market.
"We look forward to opening the market to retail in the future. This will change the rules of the game," he said.
James Butterfill, head of the CoinShares research department, noted that UK institutional investors are now channeling capital into larger and more liquid European investment products.
According to Artemic Terminal, the tokenized real assets (RWA) sector showed an increase of 58% in May 2024, followed by the ether and bitcoin ecosystems with an increase of 26.1% and 18.2%, respectively.