After the US spot ETF was approved, the four major European Bitcoin ETPs experienced an outflow of US$75.2 million.

17/01 09:28

BitMEX Research statistics show that the U.S. Bitcoin spot ETF has been trading for 3 days after being approved. There is evidence that investors are switching from high-fee European ETP products to low-fee U.S. ETF products. During this period (January 11-16), the four largest European Bitcoin ETP outflows totaled $75.2 million.

Bullish