After the US spot ETF was approved, the four major European Bitcoin ETP funds outflowed approximately US$106 million.

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Cointime2024/01/18 01:50

By:Cointime

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.

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