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European Cryptocurrency-Related ETP Net Inflows Reached 150 Million Euros in June

According to Morningsta data, the flow of trading products related to cryptocurrency exchanges in Europe has increased since BlackRock submitted a Bitcoin ETF application in the United States. The net inflow of cryptocurrency-related ETPs registered in Europe in June reached 150 million euros, a new high since March 2022. According to CoinShares data, a similar trend has also appeared globally, with a total capital inflow of 610 million US dollars (560 million euros) in June and July.

Prior to the news of BlackRock's application, cryptocurrency ETPs had seen a net outflow for nine consecutive weeks globally, totaling 400 million US dollars. However, after BlackRock announced its application, the outflow was offset by inflows. (Financial Times)

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