Financial Times: The popularity of Bitcoin spot ETFs in Europe has surged this year, but it has not translated into actual capital inflows

ChainCatcher news, according to the Financial Times, based on data provided by Morningstar, since the beginning of this year, Bitcoin ETPs registered in Europe have seen a net outflow of $506 million, while other cryptocurrency ETPs have attracted a small net inflow of $42 million. During this period, the price of Bitcoin has increased by approximately 40%.

Pierre Debru, Head of Quantitative Research and Multi-Asset Solutions at WisdomTree, stated that since the launch of Bitcoin spot ETFs in the U.S. market, the number of inquiries from clients regarding European crypto ETPs has "increased significantly," but this has not yet translated into substantial capital inflows. The low fees charged by U.S. Bitcoin ETFs have "forced European issuers to lower their fees," thereby "creating a new fee environment in Europe."