Circle EU Strategy and Policy Director: The size of the US spot Bitcoin ETF will dwarf similar EU ETP/ETN products

01/09 00:14

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Patrick Hansen, Circle's Director of EU Strategy and Policy, stated on X platform that some physical Bitcoin ETFs are about to be approved in the United States, but EU investors will not be able to invest in them. Bitcoin ETP/ETNs have existed in Europe for many years, but the largest Bitcoin ETC fund has a size of only 1 billion euros. The difference in fees between the SEC-approved US Bitcoin ETFs and the current Bitcoin ETP/ETN fees in Europe is astonishing. Although the United States took several years to catch up, if these Bitcoin ETFs are approved as expected, US investors will have cheaper and safer Bitcoin security product options than EU investors. Therefore, due to the much larger overall size of the US capital market, the size of US Bitcoin ETFs will immediately make EU ETP/ETN products of the same kind pale in comparison.

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