Crypto Monthly Report | January

Macro Outlook

December was a decent month for cryptoassets. In general, cryptoassets outperformed other traditional assets such as equities by a wide margin in December. More specifically, the ETC Group Physical Bitcoin ETC (BTCE) returned 12.3% and the ETC Group Physical Ethereum ETC (ZETH) returned 14.45% last month.

The crypto markets were generally buoyed by the prospects of a spot Bitcoin ETF approval in the US which is expected to happen in January.

December wraps up the year 2023 with a remarkable performance for cryptoassets which we expect to repeat in 2024 as well. The confluence of the upcoming ETF approval, Bitcoin Halving as well as a potential reversal in US monetary policy promise to be significant tailwinds for Bitcoin and cryptoassets in 2024.

We have recently published our ETC Group 2024 Outlook report where you can read more about the prospects for cryptoassets in 2024. Read more here.

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Source of all data: ETC Group. Data as of 31.12.2023. All performance figures are showing net data. Please remember that digital assets can be highly volatile, and your capital is at risk. Past performance is not indicative of future performance. Additional sources available upon request.

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Featured Products Performance
As of 31.12.2023

ETC Group Physical Bitcoin12.30%56.51%38.87%150.42%150.42%-11.53%37.54%305.54%


ETC Group Physical Ethereum14.45%38.73%24.93%92.02%92.02%-38.04%45.61%
Ether (Ethereum)12.79%38.31%19.57%92.09%92.09%-36.80%47.68%


Please note that all performance figures are showing net data. Source: Bloomberg / HANetf. Data as of 31/12/2023

Performance before inception is based on back tested data. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such strategy would have been. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. When you invest in ETFs and ETCs, your capital is at risk.