Crypto ETFs dominate European ETPs in October led by Polkadot, Ethereum

Cryptocurrencies dominated the top 20 list in a monthly analysis of the best and worst-performing European exchange-traded products (ETPs), with natural gas and Brazilian exchange-traded funds (ETFs) at the bottom of the heap of performers. According to Morningstar data, SEBA Polkadot ETC (SDOT), which was established on the SIX Swiss Exchange in July by issuer SEBA Bank, rated first on the Top 20 list of ETPs in October with 52.38 percent.


The first three spots were taken by DOT, Polkadot's native token and a blockchain interoperability standard established in 2016. The coin is now valued at $53.27 as of November 5, 2021, after starting at $5.88 in November 2020.

ETPs for Bitcoin and Ethereum

ETH set a new all-time high at the end of October as a consequence of the installation of Altair (a technological enhancement to Ethereum's beacon chain that made the network faster, safer, and more secure). Ethereum ETFs, in particular, trail DOT with the largest proportion, 48.15 percent, ETHetc – ETC Group Physical Ethereum was first, followed by Bitcoin ETFs. The first Bitcoin ETF was launched in the United States last month, which was another momentous milestone. The SEC's decision aided in the price of the most popular cryptocurrency rising in the days after the launch of the ProShares tracker.

To find an ETP that does not invest in cryptocurrencies beyond the Top 20, one has go down to the 34th position: The First Trust Nasdaq® Clean Edge® Green Energy UCITS ETF (QCLU) is the best-performing strategy this month, followed by Invesco Solar Energy UCITS ETF (ISUNLN) in 35th place.

ETPs that did not perform well

In October, BNP Paribas' HENRY HUB ERDGAS ETC (BNQ9), a collateralized exchange-traded commodity (ETC) that tracks the total return of the rolling Henry Hub Natural Gas Futures, lost 10.4 percent. The ETC, which was top among European-domiciled ETPs in September, dropped to second place last month and was one of the poorest performances.

In other news, the bearish trend in Brazilian stocks continues, with the stock market down 22% in the last three months and ranking among the worst domestic equity markets of the year (-19 percent in the first ten months of 2021).

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