Data from k33research shows that record amount of money is pouring into bitcoin ETPs as appetite for listed crypto products increases. thesamreynolds reports.
Crypto investors have poured money into bitcoin exchange-traded products at a record pace ever since BlackRock filed for a spot-based ETF on June 15.
New data from K33 Research shows the BTC-equivalent exposure of ETPs listed worldwide increased by 25,202 BTC to 196,824 BTC in four weeks to July 16. That's the second-highest monthly net inflow, only surpassed by inflows seen following the launch of ProShares’ futures-based ETF and other futures-based ETFs in October 2021, according to K33 Research’s Vetle Lunde.The total BTC-equivalent exposure is now at the highest since June 2022.
ETPs are a broad category of listed products that track some sort of underlying financial asset. Exchange Traded Funds are a particular subset of ETPs that typically hold a variety of financial products within a specific theme. While the Securities and Exchange Commission has made the listing of crypto-based ETFs difficult, Europe,
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