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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