Funds Overseas Cash In on Crypto Boom – The Wall Street Journal

Funds Overseas Cash In on Crypto Boom – The Wall Street Journal

Some overseas investors are reaping big gains from a handful of exchange-traded products that have surged alongside many digital coins.

Eight of the 10 best-performing exchange-traded products in the world this year are European-based funds that track some form of cryptocurrency. A binance coin-tracking exchange-traded product run by Swiss firm 21Shares AG is up 10-fold this year. A pair of ethereum notes managed by CoinShares in Europe have risen more than threefold, as has a ripple-based ETP run by 21Shares.