The popularity of European Bitcoin spot ETFs has surged within the year, but it has not been able 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 a small net inflow of $42 million. During this period, the price of Bitcoin has risen by about 40%. Pierre Debru, Director of Quantitative Research and Multi-Asset Solutions at WisdomTree, said that since the launch of Bitcoin spot ETFs in the US market, there has been a significant increase in inquiries about European crypto ETPs from clients. However, this has not yet translated into large capital inflows. The low fees charged by U.S. Bitcoin ETFs have forced European issuers to reduce their charges, thereby creating a new fee environment in Europe.