European Crypto ETPs See Inflow Surge
European crypto-related exchange-traded products (ETPs) experienced a boost in net inflows during June and July, breaking a nearly three-month trend of global ETP outflows. Europe-based ETPs saw inflows of €150 million in June and €60 million in July. The trend change might be attributed to BlackRock’s spot bitcoin ETF application. However, recent data indicates a downturn in August, possibly due to the SEC’s delay in deciding.
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European crypto-related exchange-traded products (ETPs) experienced a boost in net inflows during June and July, breaking a nearly three-month trend of global ETP outflows.
Europe-based ETPs saw inflows of €150 million in June and €60 million in July.
The trend change might be attributed to BlackRock's spot bitcoin ETF application. However, recent data indicates a downturn in August, possibly due to the SEC's delay in deciding.
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