Financial Times: European Bitcoin spot ETFs surged during the year, but failed to translate into actual inflows

According to data provided by Morningstar, bitcoin ETPs registered in Europe have seen a net outflow of $506 million since the beginning of the year, while other cryptocurrency ETPs have attracted a small net inflow of $42 million. During this period, the price of bitcoin has risen by about 40%.
Pierre Debru, head of quantitative research and multi-asset solutions at WisdomTree, said that since the launch of the Bitcoin spot ETF in the US market, the number of customer inquiries for European crypto ETPs has increased significantly, but this has not yet translated into a large inflow of funds. The low fees charged by Bitcoin ETFs in the US have forced European issuers to lower their fees, thus creating a new fee environment in Europe.