First Mover Americas: Number of Bitcoin Held by Funds Hits Record High

“I think the European Union (EU) is mostly bleeding at the moment due to two separate reasons: 1) Increased “supply” of ETP products globally. More alternatives, competing in fee structures lead funds to move elsewhere. 2) Some of the EU ETPs are old, dating back to 2015, and thus follow a different structure,” Vetle Lunde, market analyst at Arcane Research, said in a Twitter chat.