Net inflows into European cryptocurrency-related ETPs reached 150 million euros in June, the highest since March 2022

2023-08-23 15:48:30

Collection

ChainCatcher news indicates that following BlackRock's submission of a Bitcoin ETF application in the United States, the flow of cryptocurrency-related exchange-traded products in Europe has increased. Data from Morningstar shows that in June, net inflows into cryptocurrency-related ETPs registered in Europe reached 150 million euros, the highest since March 2022.

According to data from CoinShares, the total inflow of cryptocurrency-related ETPs globally in June and July amounted to 610 million dollars (560 million euros). Before the news of BlackRock's application, cryptocurrency ETPs worldwide had experienced nine consecutive weeks of net outflows, totaling 400 million dollars. However, after BlackRock announced its application, the outflows were offset by inflows.

(Source Link)

Related tags

Ethereum ETP ETP

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.