European and global crypto exchange-traded products (ETPs) saw a reversal of their declining funds trend in June, with inflows totaling €150 million (about $160 million) in Europe and $610 million worldwide. This marked the best performance for European crypto ETPs since March 2022. The surge of inflows almost balanced out the €100 million outflows in May and €60 million in July. The trend reversal came after BlackRock applied for an ETF in June, signaling a move into the mainstream for the asset class. Bitcoin’s value has increased by 3% in the past 24 hours, now standing at $26,642.
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Hector McNeil, Coinshare, BlackRock, Financial Times, Hector McNeil |
| Companies | BlackRock, Coinshare, Morningstar, HANetf, Financial Times |
| Currencies | Bitcoin, Ethereum, Euro, USD, None |
| Securities | None |
