European Crypto ETPs See Inflow Surge

posted  23 Aug 2023
Photo - 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.