Financial Times: The popularity of European Bitcoin spot ETFs has surged this year, but has failed to translate into actual capital inflows

According to data provided by Morningstar, since the beginning of this year, Bitcoin ETPs registered in Europe have seen a net outflow of $506 million, while other cryptocurrency ETPs have attracted small net inflows of $42 million. During this period, the price of Bitcoin has risen by about 40%. Pierre Debru, head of quantitative research and multi-asset solutions at WisdomTree, said that since the launch of Bitcoin spot ETFs in the US market, the number of customer queries about European crypto ETPs has increased significantly, but this has not yet translated into a large inflow of funds. The low fees charged by US Bitcoin ETFs have forced European issuers to lower their fees, creating a new fee environment in Europe.