Följ oss

Nyheter

TAGH ETF investerar i högavkastande företagsobligationer från Asien-Stillahavsområdet

Publicerad

den

Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF (TAGH ETF) syftar till att spåra iBoxx MSCI ESG USD Asia ex-Japan High Yield Capped Index (IBXXUXJT Index), minus avgifter och utgifter.

Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF (TAGH ETF) syftar till att spåra iBoxx MSCI ESG USD Asia ex-Japan High Yield Capped Index (IBXXUXJT Index), minus avgifter och utgifter.

Beskrivning av Tabula Haitong Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF GBP Hedged Acc

Tabula Haitong Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF GBP Hedged Acc investerar i företagsobligationer med fokus på Asia Pacific. ETF:n innehar hela utbudet av obligationsförfall. De underliggande obligationerna har Sub Investment Grade-betyg. ETF:en har en valutaexponering i USD. Ränteintäkterna (kupongerna) i fonden återinvesteras (ackumuleras).

Den totala kostnadskvoten uppgår till 0,65 % p.a. Fonden replikerar det underliggande indexets utveckling genom att köpa ett urval av de mest relevanta indexbeståndsdelarna (samplingsteknik). TAGH ETF är yngre än 1 år och har sin hemvist i Irland.

Investeringsstrategi

iBoxx® MSCI ESG USD Asia ex-Japan High Yield Capped (GBP Hedged)-index följer ESG (miljö, social och styrning) screenade, USD-denominerade högavkastande företagsobligationer från Asien (exklusive Japan). Alla löptider ingår. Betyg: Sub-Investment Grade. Valutasäkrad till brittiska pund (GBP).

Handla TAGH ETF

Tabula Haitong Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF GBP Hedged Acc (TAGH ETF) är en börshandlad fond (ETF) som handlas på London Stock Exchange.

London Stock Exchange är en marknad som få svenska banker och nätmäklare erbjuder access till, men DEGIRO gör det.

Börsnoteringar

BörsValutaKortnamn
London Stock ExchangeGBPTAGH

Största innehav

ISINVärdepapperAsset ClassValutaVikt (%)
US62828M2B67MUTHOOT FIN 4.4% 9/23Corporate BondsUSD0,005527
USG61759AA70MN MIN R 9.25% 15/04/2024Corporate BondsUSD0,005209
USG84393AC49STAR ENERGY 6.75% 04/33Corporate BondsUSD0,012691
USG9328DAP53VEDANTA PLC 6.125% 08/24Corporate BondsUSD0,006538
USG9T27HAA24VEDANTA RES 9.25% 04/26Corporate BondsUSD0,003068
USG9T27HAD62VED RES  8.95% 11/03/2025Corporate BondsUSD0,00836
USN5276YAD87LISTRINDO CAP 4.95% 09/26Corporate BondsUSD0,012313
USV04008AA29AZURE POWER 5.65% 12/24Corporate BondsUSD0,009282
USV6703DAA29NET I2I L 5.65% VRN  PERPCorporate BondsUSD0,010195
USV6703DAC84NET I2I  3.975% VRN  PERPCorporate BondsUSD0,009204
USV9667MAA00VED RE 13.875% 21/01/2024Corporate BondsUSD0,006304
USY0606WCA63BAN 3.733% VRN 25/09/2034Corporate BondsUSD0,014791
USY2R27RAB56DEL INT 6.125% 31/10/2026Corporate BondsUSD0,006272
USY2R40TAB40DEL INT  6.45% 04/06/2029Corporate BondsUSD0,004059
USY3004WAA00GMR HYDERABAD 4.25% 10/27Corporate BondsUSD0,002732
USY3004WAB82GMR HYD 5.375% 10/04/2024Corporate BondsUSD0,004537
USY3004WAC65GMR HYD  4.75% 02/02/2026Corporate BondsUSD0,003175
USY59501AA78MED OAK 7.375% 14/05/2026Corporate BondsUSD0,010218
USY59505AA82MEDCO PLATIN 6.75% 01/25Corporate BondsUSD0,01332
USY7140VAA80SAKA ENI IND 4.45% 05/24Corporate BondsUSD0,01035
USY7275HAA69REN POW  6.67% 12/03/2024Corporate BondsUSD0,01107
USY7279WAA90REN POW 5.875% 05/03/2027Corporate BondsUSD0,007162
USY7280PAA1310 REN PO 4.5% 14/07/2028Corporate BondsUSD0,009162
USY7758EEF44SHR TRA F 5.1% 16/07/2023Corporate BondsUSD0,009471
USY7758EEG27SHR TRA F 4.4% 13/03/2024Corporate BondsUSD0,015463
USY9700WAA46WOO BAN  4.25% VRN  PERPCorporate BondsUSD0,021239
XS1023280271WANDA 7.25% 29/01/2024Corporate BondsUSD0,005442
XS1081321595GREENLAND GL 5.875% 07/24Corporate BondsUSD0,002169
XS1090889947ABJA INVEST 5.95% 31/7/24Corporate BondsUSD0,01067
XS1121908211TATA MOTORS 5.75% 10/24Corporate BondsUSD0,000811
XS1248248343LS FIN 20 4.5% 26/06/2025Corporate BondsUSD0,003291
XS1471856424WEALTH DRIVEN  5.5% 08/23Corporate BondsUSD0,006885
XS1498440079GLO PRI C 5.5% 18/10/2023Corporate BondsUSD0,005205
XS1506085114THETA CAPITAL 6.75% 10/26Corporate BondsUSD0,004133
XS1599758940HPCL MITTAL EN 5.25% 4/27Corporate BondsUSD0,002949
XS1709294380FRA BRI  4.875% VRN  PERPCorporate BondsUSD0,004216
XS1716631301KWG PROPERTY 5.875% 11/24Corporate BondsUSD0,001365
XS1740858540PETRON CORP 4.6% VRN PERPCorporate BondsUSD0,003825
XS1854172043ADA GRE 6.25% 10/12/2024Corporate BondsUSD0,009101
XS1854920870SK INNOV 4.125% 07/23Corporate BondsUSD0,018704
XS1892343762CMB WIN LU 6.5% VRN  PERPCorporate BondsUSD0,014643
XS1897158546CHI CIT BA 7.1% VRN  PERPCorporate BondsUSD0,0072
XS1954740285KWG GRP HLD 7.875% 9/23Corporate BondsUSD0,002541
XS1956169657EAS TAC 8.625% 27/02/2024Corporate BondsUSD0,000931
XS1965523084CAN BAN 3.875% 28/03/2024Corporate BondsUSD0,006877
XS1969792800CIFI HOLD 6.55% 03/24Corporate BondsUSD0,005308
XS1974405893CHI SCE 7.375% 09/04/2024Corporate BondsUSD0,001501
XS1981202861JSW STEEL 5.95% 04/24Corporate BondsUSD0,008565
XS2003471617AGILE GRP 8.375% VRN PERPCorporate BondsUSD0,001288
XS2019083612FOR STA  6.75% 02/07/2023Corporate BondsUSD0,003309
XS2020061326CHO HIN BA 5.7% VRN  PERPCorporate BondsUSD0,006049
XS2025848297EASY TACTIC 8.125% 7/24Corporate BondsUSD0,001361
XS2026295639LS FIN  4.875% 15/07/2024Corporate BondsUSD0,003954
XS2027337786LOG PRO H 6.5% 16/07/2023Corporate BondsUSD0,002872
XS2027426027TIMES CHINA 6.75% 07/23Corporate BondsUSD0,002248
XS2030531938YANLORD LAND 6.8% 02/24Corporate BondsUSD0,010715
XS2034561584KWG GRO H 7.4% 05/03/2024Corporate BondsUSD0,001126
XS2049728004JSW STE 5.375% 04/04/2025Corporate BondsUSD0,003399
XS2049804896BAN OF E 5.875% VRN  PERPCorporate BondsUSD0,01556
XS2050614796GLO PRI  5.95% 23/01/2025Corporate BondsUSD0,007633
XS2050914832LOG PRO H 6.9% 09/06/2024Corporate BondsUSD0,00163
XS2052949968HPC ENE  5.45% 22/10/2026Corporate BondsUSD0,0024
XS2055399054GRE GLB  6.75% 26/09/2023Corporate BondsUSD0,002306
XS2056558088KAS 3.343% VRN 02/10/2031Corporate BondsUSD0,01635
XS2057076387RKP OVE 2 6.7% 30/09/2024Corporate BondsUSD0,004801
XS2071413483AGI GRO  7.875% VRN  PERPCorporate BondsUSD0,000979
XS2075784103CIF HOL  6.45% 07/11/2024Corporate BondsUSD0,003479
XS2075800743SHU ON D 5.75% 12/11/2023Corporate BondsUSD0,007751
XS2079034265SUN HUN  5.75% 15/11/2024Corporate BondsUSD0,003878
XS2079096884RKP OVE 7.75% VRN  PERPCorporate BondsUSD0,003705
XS2079668609TAT MOT 5.875% 20/05/2025Corporate BondsUSD0,003994
XS2085545494BAN OF C 3.725% VRN  PERPCorporate BondsUSD0,007366
XS2099272846CIF HOL GRO 6% 16/07/2025Corporate BondsUSD0,006677
XS2099273737THE CAP 8.125% 22/01/2025Corporate BondsUSD0,004091
XS2099677747LOG PRO  5.75% 14/01/2025Corporate BondsUSD0,001638
XS2100654586KWG GRO H 7.4% 13/01/2027Corporate BondsUSD0,00069
XS2100658066WAN PRO 6.875% 23/07/2023Corporate BondsUSD0,003608
XS2102867483NEW MET G 6.8% 05/08/2023Corporate BondsUSD0,005695
XS2108075784GRE GLB  6.75% 03/03/2024Corporate BondsUSD0,000853
XS2113708155SHU ON DE 5.5% 03/03/2025Corporate BondsUSD0,009698
XS2125172085EAS TAC 8.625% 05/03/2024Corporate BondsUSD0,000622
XS2127855711RKP OVE 2 5.9% 05/03/2025Corporate BondsUSD0,005843
XS2132420758FOR STA  6.85% 02/07/2024Corporate BondsUSD0,003946
XS2189303873RON CHI  7.35% 15/12/2023Corporate BondsUSD0,001359
XS2189387520CEN CHN  7.65% 27/08/2023Corporate BondsUSD0,003204
XS2193529562GRE CHI  5.65% 13/07/2025Corporate BondsUSD0,003122
XS2194361494AGI GRO  5.75% 02/01/2025Corporate BondsUSD0,002688
XS2198851482TIMES CHINA  6.75% 07/25Corporate BondsUSD0,002212
XS2205316941CIF HOL  5.95% 20/10/2025Corporate BondsUSD0,003656
XS2206313541LOG GRO  5.25% 19/10/2025Corporate BondsUSD0,001519
XS2207192605GRE GLB  7.25% 22/01/2025Corporate BondsUSD0,000841
XS2209966386CHO HIN BA 5.5% VRN  PERPCorporate BondsUSD0,003846
XS2215175634SEA GRO LTD 6% 12/08/2024Corporate BondsUSD0,0039
XS2215180550CEN CHN  7.25% 13/08/2024Corporate BondsUSD0,000586
XS2219615957SHU ON D 6.15% 24/08/2024Corporate BondsUSD0,007905
XS2222027364BAN OF E 5.825% VRN  PERPCorporate BondsUSD0,014495
XS2223762209RKP OVE 201 6% 04/09/2025Corporate BondsUSD0,003808
XS2224065289PER HOL  5.95% 19/04/2026Corporate BondsUSD0,009705
XS2227351900CHI SCE GRP 7% 02/05/2025Corporate BondsUSD0,002204
XS2229473678IND  COM  3.58% VRN  PERPCorporate BondsUSD0,013975
XS2234266976TIM CHI H 6.2% 22/03/2026Corporate BondsUSD0,002118
XS2238561281BK OF COM 3.80% VRN PERPCorporate BondsUSD0,031001
XS2238561794FOR STA  5.95% 19/10/2025Corporate BondsUSD0,00869
XS2243343204AGI GRO  6.05% 13/10/2025Corporate BondsUSD0,001221
XS2247552446GREENTOWN 4.7% 04/25Corporate BondsUSD0,003858
XS2251822727CIF HOL  5.25% 13/05/2026Corporate BondsUSD0,001611
XS2257830716KWG GRO H 6.3% 13/02/2026Corporate BondsUSD0,001272
XS2262030369CEN CHN  7.75% 24/05/2024Corporate BondsUSD0,00154
XS2265528120TML HOL P 5.5% 03/06/2024Corporate BondsUSD0,001941
XS2268392599NWD FIN BVI LT 4.8%  PERPCorporate BondsUSD0,008481
XS2270462794NEW MET G 4.8% 15/12/2024Corporate BondsUSD0,004967
XS2272214458LOGAN GROU 4.85% 12/26Corporate BondsUSD0,001811
XS2277590209CAS CAP NO1  4% VRN  PERPCorporate BondsUSD0,012388
XS2280431763CIF HOL 4.375% 12/04/2027Corporate BondsUSD0,003606
XS2281036249SEA GRO  4.45% 13/07/2025Corporate BondsUSD0,00431
XS2281039771RKP OVE 2 5.2% 12/01/2026Corporate BondsUSD0,003872
XS2281303896LOG GRO C 4.5% 13/01/2028Corporate BondsUSD0,001953
XS2281321799FOR STA  5.05% 27/01/2027Corporate BondsUSD0,001989
XS2282068142TIM CHI  5.75% 14/01/2027Corporate BondsUSD0,002081
XS2282587414CEN CHN R 7.5% 14/07/2025Corporate BondsUSD0,001065
XS2286966093CHI SCE GRP 6% 04/02/2026Corporate BondsUSD0,001244
XS2290308845RON CHI  7.1% 25/01/2025Corporate BondsUSD0,001004
XS2290806285NEW MET G 4.5% 02/05/2026Corporate BondsUSD0,005234
XS2292974065FRA BRI LTD  6% VRN  PERPCorporate BondsUSD0,003896
XS2293918285EAS TAC 11.75% 02/08/2023Corporate BondsUSD0,00166
XS2307743075EAS TA 11.625% 03/09/2024Corporate BondsUSD0,000732
XS2309743578LOG GRO  4.25% 12/07/2025Corporate BondsUSD0,001536
XS2314514477BAN NEG  3.75% 30/03/2026Corporate BondsUSD0,017283
XS2316077572CHI SCE  5.95% 29/09/2024Corporate BondsUSD0,001249
XS2317279573YAN LAN 5.125% 20/05/2026Corporate BondsUSD0,011047
XS2327392234PT PAK  4.875% 29/04/2028Corporate BondsUSD0,004156
XS2330597738PET COR  5.95% VRN  PERPCorporate BondsUSD0,006234
XS2340147813GLP PTE LT 4.5% VRN  PERPCorporate BondsUSD0,008474
XS2342908949CIF HOL  4.45% 17/08/2026Corporate BondsUSD0,003455
XS2343325622KWG GRO HOL 6% 14/08/2026Corporate BondsUSD0,001203
XS2343337122FOR STA BVI 5% 18/05/2026Corporate BondsUSD0,001388
XS2343627712AGI GRO H 5.5% 17/05/2026Corporate BondsUSD0,001832
XS2076167456CEN PLA D 5.75% VRN  PERPCorporate BondsUSD0,004065
XS2348280962TIM CHI  5.55% 04/06/2024Corporate BondsUSD0,00191
XS2351326991PCP CAP 5.125% 18/06/2026Corporate BondsUSD0,013753
XS2352436526LS FIN 20 4.8% 18/06/2026Corporate BondsUSD0,001717
XS2357239057GLP PTE LT 4.6% VRN  PERPCorporate BondsUSD0,008923
XS2328392951CHINA OIL GAS 4.7% 06/26Corporate BondsUSD0,009697
XS2358225477SHU ON DE 5.5% 29/06/2026Corporate BondsUSD0,003752
XS2348238259CHI HON  6.25% 08/06/2024Corporate BondsUSD0,004092
XS2350621517TML HOL  4.35% 09/06/2026Corporate BondsUSD0,005539
USY44680RV38JSW STE  3.95% 05/04/2027Corporate BondsUSD0,004108
USY44680RW11JSW STE  5.05% 05/04/2032Corporate BondsUSD0,004275
XS2214229887KWG GROUP 5.95% 10/08/25Corporate BondsUSD0,000464
XS2383328932ADANI GRN 4.375% 09/24Corporate BondsUSD0,013026
XS2383421711IND  COM B 3.2% VRN  PERPCorporate BondsUSD0,016711
XS2385923722BANK NEGARA 4.3% VRN PERPCorporate BondsUSD0,009414
USY75638AF67SEA COR  5.5% 01/08/2029Corporate BondsUSD0,006125
XS2368038050LAI SUN MTN 5% 28/07/2026Corporate BondsUSD0,00533
USG3065HAB71ENN CLE 3.375% 12/05/2026Corporate BondsUSD0,008906
USV0002UAA52AZU POW 3.575% 19/08/2026Corporate BondsUSD0,006181
XS2030333384POW REA  6.95% 23/07/2023Corporate BondsUSD0,001063
XS2213954766POW REA  6.25% 10/08/2024Corporate BondsUSD0,001502
XS2250030090POW REA  5.95% 30/04/2025Corporate BondsUSD0,000997
XS2346524783WES CHI  4.95% 08/07/2026Corporate BondsUSD0,005841
XS2353272284NEW MET 4.625% 15/10/2025Corporate BondsUSD0,001487
XS2356173406RKP OVE 5.125% 26/07/2026Corporate BondsUSD0,002815
XS2357443410GEM EVE  4.95% 12/08/2024Corporate BondsUSD0,004837
XS2361426559AGI GRP 5.5% 21/04/2025Corporate BondsUSD0,000963
XS2368569252CHINA CITI 3.25% VRN PERPCorporate BondsUSD0,008452
XS2342970402LOG GRO C 4.7% 06/07/2026Corporate BondsUSD0,002406
XS2244315110RED SUN P 7.3% 13/01/2025Corporate BondsUSD0,000433
XS2350477308GCL NEW EN 10% 30/01/2024Corporate BondsUSD0,006462
USY56607AA51MED BEL 6.375% 30/01/2027Corporate BondsUSD0,003185
USY59500AA95MED LAU  6.95% 12/11/2028Corporate BondsUSD0,003072
XS2397254579CHI CIN AS 4.4% VRN  PERPCorporate BondsUSD0,015909
XS1953029284SHI GRO 6.125% 21/02/2024Corporate BondsUSD0,001517
XS1759179002SHI GRO H 5.2% 30/01/2025Corporate BondsUSD0,000631
XS2025575114SHI GRO H 5.6% 15/07/2026USD0 
XS2198427085SHI GRO H 4.6% 13/07/2030USD0 
XS2385392779SHI GRO 3.975% 16/09/2023Corporate BondsUSD0,000558
XS2385392936SHI GRO H 5.2% 16/01/2027Corporate BondsUSD0,001046
USY7758EEH00SHR TRA  4.15% 18/07/2025Corporate BondsUSD0,005759
XS2467774209NAN COM BA 6.5% VRN  PERPCorporate BondsUSD0,007168
XS2461766805CHI CIT BA 4.8% VRN  PERPCorporate BondsUSD0,008013

Innehav kan komma att förändras

Fortsätt läsa
Annons
Klicka för att kommentera

Skriv en kommentar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *

Nyheter

21Shares lanserar Toncoin Staking ETP (TONN)

Publicerad

den

21Shares, världens största emittent av börshandlade kryptovalutaprodukter (ETPs) och ett dotterbolag till 21.co, tillkännager stolt lanseringen av 21Shares Toncoin Staking ETP. Denna banbrytande produkt ger investerare ett sömlöst sätt att engagera sig i ekosystemet för staking och tjäna belöningar utan ansträngning.

21Shares, världens största emittent av börshandlade kryptovalutaprodukter (ETPs) och ett dotterbolag till 21.co, tillkännager stolt lanseringen av 21Shares Toncoin Staking ETP. Denna banbrytande produkt ger investerare ett sömlöst sätt att engagera sig i ekosystemet för staking och tjäna belöningar utan ansträngning.

Toncoin Staking ETP presenterar en innovativ lösning för investerare som söker exponering för insatsbelöningar utan komplexiteten med att sätta upp och hantera en insatsnod. Med 21Shares ETP kan investerare nu dra nytta av fördelarna med att satsa Toncoin samtidigt som de utnyttjar likviditeten och bekvämligheten på traditionella finansmarknader.

”Vår 21Shares Toncoin Staking ETP öppnar upp en ny horisont för investerare och ger en problemfri inkörsport till att satsa belöningar inom blockchain-ekosystemet”, sa Ophelia Snyder, medgrundare och VD för 21Shares. ”Vi är dedikerade till att bemyndiga investerare med innovativa produkter som Toncoin Staking ETP, vilket bekräftar vårt engagemang för att driva utvecklingen av investeringsmöjligheter för blockchain.”

Nyckelfunktioner i 21Shares Toncoin Staking ETP:

  • Toncoin (TON): En decentraliserad lager 1-blockkedja, nu känd som ”The Open Network” efter förvärvet av TON Foundation. Toncoin fungerar som den ursprungliga valutan för TON-nätverket.
  • Proof-of-Stake (PoS) Consensus: TON använder en PoS-konsensusmodell för skalbarhet och nätverkstillförlitlighet, och erbjuder snabba, transparenta och säkra betalningstjänster med minimala avgifter.
  • Mission: The Open Network syftar till att skapa ett heltäckande ekosystem av användarvända tjänster som superappen WeChat, som erbjuder produkter som en decentraliserad lagring, decentraliserad VPN, en betalningslösning och en inbyggd plånbok för att hålla krypto direkt i meddelandeappen. Det kännetecknas av dess gemenskapsdrivna tillvägagångssätt och flexibla arkitektur, som tillgodoser behoven hos typiska konsumenter.
  • Skalbarhet: TONs avancerade skalbarhet säkerställer snabb avvecklingstid för transaktioner på ett kostnadseffektivt sätt, vilket möjliggör snabb nätverkstillväxt utan negativa effekter på miljön.
  • Stöd från Telegram: Trots separation stöder Telegram TON som sin favoritplattform för web3-infrastruktur, vilket framhäver dess engagemang för blockchain-innovation.

21Shares Toncoin Staking ETP kommer att vara tillgänglig för handel på SIX Exchange från och med onsdagen den 27 mars 2024, vilket ger investerare en sömlös väg att engagera sig i Toncoin-insatser och utnyttja de potentiella belöningarna med insatsekosystemet.

För mer information om 21Shares Toncoin Staking ETP, besök 21Shares hemsida.

NamnISINKortnamnValutaBörsListningsdatum
21Shares Toncoin Staking ETPCH1297762812TONN SEUSDSIX Swiss Exchange27 mars 2024

Om 21.co/21Shares

21.co är världens ledande företag när det gäller att tillhandahålla tillgång till krypto genom enkla och lättanvända produkter. 21.co är moderbolag till 21Shares, världens största emittent av börshandlade kryptovalutaprodukter (ETPs) – som drivs av Onyx, en proprietär teknologiplattform som används för att emittera och driva cryptocurrency ETP för 21Shares och tredje part. Företaget grundades 2018 av Hany Rashwan och Ophelia Snyder. 21Sharesis registrerat i Zürich, Schweiz med kontor i Zürich, London och New York. För mer information, besök 21Shares hemsida.

Fortsätt läsa

Nyheter

FUD vs. Fundamentals: What Happened This Week in Crypto?

Publicerad

den

Fear, uncertainty, and doubt (FUD) have clouded Ethereum's business prospects after CoinDesk reported on March 20 that Ethereum’s Github repository seemed to confirm rumors about ongoing investigations by the Securities and Exchange Commission (SEC). If true, this could be business as usual for the regulator as it nears its deadline for a decision on ETH spot ETFs on May 23. Nevertheless, statements about the investigations are vague and ambiguous, whether they're focused on the Ethereum Foundation or the companies dealing with it, making it a curious case to monitor closely.

• Ethereum: FUD vs. Fundamentals

• Arbitrum Doubles Down on Dencun’s Cost-Efficiency

• Optimism Strides Towards Full Decentralization

• Can This Major Upgrade Help Fantom Level Up With Solana?

Ethereum: FUD vs. Fundamentals

Fear, uncertainty, and doubt (FUD) have clouded Ethereum’s business prospects after CoinDesk reported on March 20 that Ethereum’s Github repository seemed to confirm rumors about ongoing investigations by the Securities and Exchange Commission (SEC). If true, this could be business as usual for the regulator as it nears its deadline for a decision on ETH spot ETFs on May 23. Nevertheless, statements about the investigations are vague and ambiguous, whether they’re focused on the Ethereum Foundation or the companies dealing with it, making it a curious case to monitor closely.

How did the market react? Nothing dramatic. In the past week, despite Ethereum experiencing a 10% drop on the day of Coindesk’s report, it quickly recovered the following day with a 10% rebound and shrugging off the uncertainty, ultimately closing the week with a modest 1.78% gain. The below on-chain metrics are also worth noting:

• ETH deposits on centralized exchanges increased by ~3%, well within the 3-5% average increases seen in May 2021, 2022, and 2023, which is understandable as investors capitalize on reaching the $4K milestone.

• The market-value-to-realized-value (MVRV) is one of crypto’s leading on-chain indicators comparing Ethereum’s current market price to its historical average transaction price, to estimate its valuation based on past trends.. As shown in Figure 1, the MVRV went from 2.23 on March 13 to 1.65 on March 24, indicating that the network continues to be undervalued when compared to previous bull runs. For example, in May 2021, the MVRV Z-score was at 5.57 when Ethereum traded at around $3.9K.

Figure 1: Ethereum’s MVRV Z-Score (7D Moving Average)

Source: Glassnode

On a more positive note, the biggest news for Ethereum was arguably BlackRock’s announcement of tokenizing treasury bonds and repo agreements. The asset manager has partnered with Securitize as a transfer agent and tokenization platform to launch their yield-bearing fund, BUIDL, on top of Ethereum. As shown in Figure 2, Ethereum accounts for 80.33% of tokenized assets, if we exclude fiat-collateralized stablecoins. BlackRock has joined the likes of Franklin Templeton and Citigroup, among others, in tokenizing real-world assets. The deployment on Ethereum reiterates our thesis that the network will continue playing a vital role across the tokenization realm. So far, there has been a total of over $2 billion worth of commodities and government securities, among other traditional assets tokenized on several networks. Thanks to blockchain technology, these tokenized assets boast several advantages over their traditional form due to their transparency, around-the-clock trading, and faster settlement.

Figure 2: Tokenization Market Share by Chain

Source: 21.co on Dune Analytics

On the fundamental side, Ethereum’s core developers have launched an initiative called “pump the gas” to raise the gas block limit from 30 to 40 million (and even more), decreasing gas fees on Ethereum’s mainnet by as much as 33%. The gas block limit is the maximum amount of gas that all transactions combined can consume within a single block. The discussion of expanding the gas block limit has been up for debate since Vitalik brought it up in January 2024. However, some are not in favor of the initiative, arguing that EIP-4844 has already increased the block size and that it could lead to potential risks of network spam and attacks.

Arbitrum Doubles Down on Dencun’s Cost-Efficiency

With Optimism, Base, and Arbitrum all witnessing transaction fees drop by over 90% post-Dencun’s activation, the total number of transacting addresses across their networks has almost doubled since then, as seen below in Figure 3. However, Arbitrum has taken a step further by introducing the ATLAS upgrade, aiming to drive fees down even more. Specifically, ATLAS decreased what’s known as the “L1 surplus fees” from 32 gwei to zero while lowering the L2 base fees from 0.1 to 0.01 gwei, helping the network achieve a median transaction fee of ~$0.002, the lowest since October 2022. Applications built on Arbitrum can reap the benefit of the upgrade right away without any modifications from their end, while L3 networks built on top of Arbitrum, using its Orbit framework, need to implement the upgrade to capitalize on the blob posting mechanism to experience lower fees.

Figure 3: Number of Transacting Addresses across Base vs. Optimism vs, Arbitrum

Source: msibl7 on Dune

Optimism Strides Towards Full Decentralization

On the other hand, Optimism is progressing towards its vision of full decentralization. For context, the network currently relies on a single sequencer, a validator that posts transaction data from Optimism on Ethereum, run by the Optimism Foundation itself. This sequencer is overseen by an elected security council, which acts as a custodian managing the protocol upgrades and the security of the network by ensuring that the sequencer is acting honestly, amongst other security-related tasks. This means that only a handful of eight elected individuals can contest the validity of transactions if they suspect any malicious behavior. Nevertheless, this was a temporary setup until Optimism released its “Fault Proof” system, which determines the validity of transactions before they’re posted on Ethereum’s mainnet. This enables a proactive rather than a reactive approach to maintaining transaction integrity. In line with this, Optimism rolled out the second iteration of the system on Sepolia testnet after releasing the first in October of last year, with the full launch expected later this year, where anyone can submit a fault-proof and dispute the validity of transactions.

Can This Major Upgrade Help Fantom Level Up With Solana?

The Ethereum alternative blockchain is set to implement its upcoming Sonic upgrade in the spring of 2024. Although the date isn’t determined yet, the next network iteration will position Fantom as one of the most scalable networks within the Ethereum Virtual Machine (EVM) ecosystem, capable of rivaling Solana’s efficiency. Namely, Sonic introduces the Fantom Virtual Machine (FVM), a new operating system facilitating close to 2000 transactions per second (TPS) based on the latest testnet results while adopting parallelization to enhance transaction throughput. Further, Sonic achieves transaction finality in under a second, with transaction fees costing less than a cent while introducing Carmen, a new database model that reduces the storage costs for validators by close to 90%. This enables them to participate in the network’s security validation in a cost-effective manner while expediting the time required for the foundation to spin up a new archival validator node from several weeks to 36 hours.

All in all, the excitement in anticipation of the upgrade can be seen with Fantom’s price growing by 200% over the last 30 days, while its DEX trading volume has surged by close to 12-fold, growing from $5M and peaking at $60M last week. Fantom’s stablecoin assets under management has also increased by about 150% over the same period since the lows of October 2023, implying that new users are increasingly depositing capital into the network to experiment with its ecosystem, akin to what was seen during the run-up of the ETF-led rally last October. Nevertheless, Fantom shows promising growth prospects as its P/E ratio continues to decrease despite its recent price gains, as shown below in Figure 4. This indicates that transaction volume and network utilization are outpacing its market capitalization growth, potentially implying that Fantom remains relatively undervalued.

Figure 4: NVT: The P/E-Equivalent of Blockchain Networks

Source: Glassnode

Bookmarks

Have you read our latest report, The Bitcoin Halving and Beyond? Click here to get a digital copy.

This Week’s Calendar

Source: Forex Factory, 21Shares

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

Fortsätt läsa

Nyheter

BlackRock säger att det finns låg efterfrågan på Ethereum

Publicerad

den

Robert Mitchnick, chef för digitala tillgångar på BlackRock, har avslöjat att kunderna till finansgiganten visar låg efterfrågan på Ethereum, den näst största kryptovalutan efter börsvärde. Samtidigt finns det "väldigt lite intresse överallt", vilket innebär att investeringsbolaget inte ens överväger mindre kryptovalutor.

Robert Mitchnick, chef för digitala tillgångar på BlackRock, har avslöjat att kunderna till finansgiganten visar låg efterfrågan på Ethereum, den näst största kryptovalutan efter börsvärde. Samtidigt finns det ”väldigt lite intresse överallt”, vilket innebär att investeringsbolaget inte ens överväger mindre kryptovalutor.

Mitchnick har erkänt att kryptovalutacommunityt vill se finansjätten utforska fler alternativ, men han säger att BlackRock fortfarande främst fokuserar på Bitcoin. Bitcoin, enligt chefen, är ”överväldigande prioritet nummer ett.”

Nyligen gick BlackRock med i tokeniseringsracet genom att lansera en ny fond baserad på Ethereum-nätverket. Fonden, som officiellt lanserades tidigare i veckan, gör det möjligt att tjäna amerikanska dollaravkastning med hjälp av blockchain-teknik.

I november ansökte BlackRock också om att lansera en Ethereum börshandlad fond. U.S. Securities and Exchange Commission sköt dock upp sitt beslut om denna ansökan tidigare i mars.

Som rapporterats av U.Today kollapsade oddsen för att en Ethereum ETF skulle godkännas på grund av regulatoriskt tryck. För en vecka sedan bad senatorerna Jack Reed och Laphonza Butler specifikt SEC-ordförande Gary Gensler att inte godkänna ETFer för fler kryptovaluta-tokens.

Samtidigt har SEC enligt uppgift lanserat en aggressiv kampanj för att klassificiera Ether som ett värdepapper, vilket ytterligare minskar sannolikheten för att en Ether-baserad spot-ETF ska godkännas inom en snar framtid.

Fortsätt läsa

Populära