European Crypto ETP Flows Rise 15% in 3Q — Market Talk
Flows into European cryptocurrency exchange-traded products rose by 15% in the third quarter, according to data from ETF provider HANetf. Inflows reached $360 million in 3Q, up from $310 million in the second quarter. Assets under management in crypto ETPs increased 55% in 3Q, HANetf finds, but much of that growth can be attributed to bitcoin's price rebound over the summer, from around $60,000 at the end of July to around $80,000 by the end of September. Bitcoin is 0.7% lower at $81,192. ([email protected])