ICYMI: European crypto ETN and ETP report: Friday, June 17
All but one of the European crypto ETNs and ETPs tracked by The Block closed down on Friday following a turbulent week in the markets.
Crypto lending platform Celsius set the tone this week as it halted withdrawals on Sunday evening, causing fears of contagion. At the same time markets opened the week down as anticipation of a higher than expected interest rate hike from the Fed was priced inAmid this backdrop, and with several prominent crypto companies announcing, bitcoin and ether toyed with multi-year lows as they tested falling below $20,000 and $1,000, respectively.
21Shares crypto ETP products closed down for the most part, except for its Solana Staking ETP which added 0.27% on Friday.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Adam has been based in London for the past year, initially freelancing and working for a start-up there before beginning a fellowship at Business Insider.
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