CoinShares has reported that investments in European crypto funds (ETPs) have experienced growth over the past three months.
In June, institutional investors in the eurozone showed a substantial increase in activity after BlackRock submitted an application to launch a Bitcoin-ETF spot crypto fund, resulting in capital investments in ETPs exceeding 150 million euros, the Financial Times notes.
In July, investments in the EU’s crypto funds totaled 60 million euros while in May, there was an outflow of approximately 100 million euros.
James Butterfill, Head of Research at CoinShares, said:
“If BlackRock succeeds in launching an ETF, this may dispel doubts among investors exploring cryptocurrencies, which could potentially result in new investments.”
