Fineqia International's Matteo Greco on Q1 Crypto ETP Trends, Q2 Outlook
Why It Matters
The dominance of Bitcoin and sustained ETP listings indicate that institutional capital is consolidating into lower‑risk crypto assets, shaping portfolio strategies and signaling a resilient, long‑term market despite short‑term turbulence.
Key Takeaways
- •Bitcoin dominates 81% of crypto ETP assets, acting as safe haven.
- •March saw flat crypto ETP performance amid geopolitical tension easing.
- •Ethereum ETP inflows fell despite 8% price rise, profit‑taking dominates.
- •Basket ETPs dropped 34% due to risk‑off rotation and liquidity issues.
- •ETP listings continue growing, indicating long‑term industry optimism despite short‑term downturn.
Summary
The interview with Matteo Greco, senior associate at Fineqia International, dissected Q1 2026 crypto exchange‑traded product (ETP) performance and set expectations for Q2. Greco highlighted that Bitcoin now accounts for over 81% of total crypto ETP assets under management, reinforcing its role as the sector’s safe‑haven asset during heightened economic and geopolitical uncertainty.
March’s flat ETP activity reflected a “sit‑and‑wait” market after a brutal start to the year, with risk‑off sentiment pricing in worst‑case scenarios. While Bitcoin’s dominance rose, Ethereum’s price climbed 8% yet its ETP inflows turned negative, driven by profit‑taking from the 2025 rally. Basket ETPs, which hold smaller, less liquid assets, plunged 34% as investors shunned higher‑volatility tokens.
Greco repeatedly described Bitcoin as “the equivalent of a safe haven in terms of crypto,” and noted that the recent Iran‑U.S. ceasefire provided brief market breathing room. He also pointed out that despite a tough quarter, the number of listed crypto ETPs grew to 318, underscoring a persistent industry‑wide bullish outlook even as new issuances slow.
For institutional investors, the data signals a continued tilt toward Bitcoin and stablecoins, with alt‑coin exposure likely to remain constrained until volatility eases. The expanding product catalog suggests that the crypto ETP market is positioning for a longer‑term recovery, making Q2 a critical period for reallocation strategies.
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