October 14th 2026, 9:30 AM
ETPs and ETFs Face Weak October, Despite Anthropic Launch
Key Summary
21Shares launched the Anthropic synthetic ETP, but the sector has not shown significant gains, with tokenized ETPs experiencing a 6.2% drop in market cap and 0.49% decline in the month-to-date. Bitcoin ETPs have seen some strength, but overall ETF outflows have crossed $1.45 billion, indicating investors have reduced their exposure, leading to a likely poor Uptober rally.
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Overview of ETPs and ETFs Performance in October
21Shares Announces Anthropic Synthetic ETP Launch
21Shares has announced the launch of the Anthropic synthetic ETP, which provides continuous, unleveraged exposure to the implied valuation of Anthropic ahead of its upcoming IPO. The product uses a new 21Shares x FalconX structure to enable trading in private market valuations, like standard ETFs.Market Performance
The sector has not picked up, with the tokenized ETP market cap dropping 6.2% to $595 million and trading volume dropping to $160 million. Month-to-Date, the sector has recorded a relatively weak performance, down 0.49%, and adding only $64 million in value.Bitcoin and Ethereum ETFs Performance
Bitcoin ETFs have seen significant outflows, with $487 million in outflows on October 7 and $681 million in outflows on October 9. Ethereum ETFs are also experiencing outflows, with $542 million in outflows as of October 9, the largest since January.Conclusion
The rising outflows across ETFs and ETPs suggest that investors have significantly reduced their exposure, leading to a likely poor Uptober rally. If these fund performances continue at this rate, an Uptober rally is unlikely to materialize.#ETPs#ETFs#US#Crypto#SyntheticETFs