Bitcoin ETPs Witness Record-Breaking Monthly Inflows
According to new statistics from K33 Research, the BTC-equivalent exposure of ETPs listed globally climbed by 25,202 BTC in four weeks to July 16 to 196,824 BTC. According to K33 Research’s Vetle Lunde, this is the second-highest monthly net inflow, only eclipsed by inflows witnessed upon the debut of ProShares’ futures-based ETF and other futures-based ETFs in October 2021.
ETPs are listed products tracking underlying financial assets, with Exchange Traded Funds (ETFs) holding various financial products within a specific theme. The SEC has made listing crypto-based ETFs difficult, but Europe offers a wide variety of ETPs from various issuers.
BITO has reached an all-time high of 4,425 BTC in bitcoin equivalent exposure, offering regulated returns and holding over $1 billion worth of CME Bitcoin Futures. BITO’s spikes usually occur near local market tops, and its overall BTC exposure has remained stable since June 2022.
(With inputs from Shikha Singh)
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