Crypto ETFs set to trump precious metal peers, says State Street

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Financial Times 23h ago

Crypto ETFs set to trump precious metal peers, says State Street - Financial Times

Quick Summary:

Overall, it expects European ETF market assets under management to rise by at least 25 per cent to $2.8tn this year, spurred by greater retail adoption, although that would only be in line with last year’s growth rate.

Taiwan’s $196bn of ETFs already represent 66 per cent of the country’s total investment fund assets, figures Koudelka expects to rise to $250bn and 75 per cent by the end of the year.

Yet State Street believes the $165bn held by North American precious metal ETFs in aggregate will be overhauled during the course of this year.