After the US spot ETF was approved, the four major European Bitcoin ETP funds outflowed approximately US$106 million.
BitMEX Research statistics show that on the fourth day of trading after the U.S. Bitcoin spot ETF was approved, the four largest European Bitcoin ETPs experienced a single-day outflow of US$30 million, and the total capital outflow in five days was approximately US$106 million.
According to yesterday’s news, BitMEX Research statistics show that there is evidence that investors are switching from high-fee European ETP products to low-fee U.S. ETF products. Over four days (January 11, 12, 15, and 16), the four largest European Bitcoin ETPs saw outflows totaling $75.2 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SOL's market value surpasses BNB and ranks back to fifth
CryptoPunks Community in Turmoil Over Rumors of IP Sale by Yuga Labs
XRP breaks above $3.3
AAVE breaks above $320